BCGM Wealth Management LLC Purchases Shares of 23,373 iShares Gold Trust (NYSEARCA:IAU)

BCGM Wealth Management LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,373 shares of the exchange traded fund’s stock, valued at approximately $1,157,000.

Several other large investors have also recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its holdings in shares of iShares Gold Trust by 36.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,184 shares of the exchange traded fund’s stock valued at $556,000 after acquiring an additional 3,015 shares during the last quarter. International Assets Investment Management LLC boosted its stake in iShares Gold Trust by 4,843.7% in the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after purchasing an additional 229,303 shares during the period. Arkadios Wealth Advisors increased its holdings in iShares Gold Trust by 14.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 14,687 shares of the exchange traded fund’s stock valued at $730,000 after acquiring an additional 1,875 shares during the last quarter. Modera Wealth Management LLC increased its holdings in shares of iShares Gold Trust by 1.5% in the third quarter. Modera Wealth Management LLC now owns 64,124 shares of the exchange traded fund’s stock worth $3,187,000 after purchasing an additional 942 shares during the last quarter. Finally, Clear Harbor Asset Management LLC increased its stake in iShares Gold Trust by 5.3% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 206,866 shares of the exchange traded fund’s stock worth $10,281,000 after acquiring an additional 10,349 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.1 %

IAU opened at $55.39 on Monday. The stock has a 50-day moving average of $51.75 and a 200 day moving average of $50.20. iShares Gold Trust has a 12 month low of $38.21 and a 12 month high of $55.60.

iShares Gold Trust Company Profile

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.