30,173 Shares in iShares Gold Trust (NYSEARCA:IAU) Bought by Beacon Financial Group

Beacon Financial Group bought a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,173 shares of the exchange traded fund’s stock, valued at approximately $1,494,000.

Other hedge funds have also made changes to their positions in the company. Sanchez Wealth Management Group purchased a new stake in iShares Gold Trust in the 4th quarter valued at approximately $228,000. JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares in the last quarter. Independent Family Office LLC boosted its stake in shares of iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after acquiring an additional 16,827 shares during the last quarter. Silverleafe Capital Partners LLC increased its position in iShares Gold Trust by 0.4% during the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after purchasing an additional 689 shares in the last quarter. Finally, Merit Financial Group LLC raised its stake in iShares Gold Trust by 177.6% in the 4th quarter. Merit Financial Group LLC now owns 51,538 shares of the exchange traded fund’s stock valued at $2,552,000 after purchasing an additional 32,975 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $54.69 on Wednesday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $54.94. The company’s 50-day moving average is $50.88 and its two-hundred day moving average is $49.60.

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.