iShares Gold Trust $IAU Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC raised its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 649,154 shares of the exchange traded fund’s stock after purchasing an additional 70,793 shares during the quarter. Merit Financial Group LLC owned 0.08% of iShares Gold Trust worth $52,692,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new position in iShares Gold Trust during the 3rd quarter worth about $25,000. Mountain Hill Investment Partners Corp. acquired a new position in iShares Gold Trust in the 3rd quarter valued at about $29,000. Dakota Community Bank & Trust NA acquired a new position in iShares Gold Trust in the 4th quarter valued at about $30,000. Fourth Dimension Wealth LLC increased its stake in iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 349 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in iShares Gold Trust during the third quarter worth about $31,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU opened at $90.16 on Friday. The company’s 50-day simple moving average is $92.15 and its 200-day simple moving average is $85.01. iShares Gold Trust has a 1 year low of $59.71 and a 1 year high of $104.40. The stock has a market capitalization of $76.76 billion, a PE ratio of 5.53 and a beta of 0.20.

Trending Headlines about iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Featured Articles

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.