iShares Gold Trust $IAU Shares Bought by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. increased its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 41.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,882 shares of the exchange traded fund’s stock after acquiring an additional 7,351 shares during the period. Beam Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $2,194,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Bank of America Corp DE boosted its stake in iShares Gold Trust by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after purchasing an additional 456,140 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares Gold Trust by 1.5% during the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after purchasing an additional 203,528 shares during the period. Wells Fargo & Company MN raised its stake in shares of iShares Gold Trust by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock worth $1,066,327,000 after buying an additional 260,541 shares in the last quarter. UBS Group AG raised its stake in shares of iShares Gold Trust by 6.5% in the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock worth $665,704,000 after buying an additional 561,489 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of iShares Gold Trust by 35.7% in the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after buying an additional 1,893,594 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8%

Shares of iShares Gold Trust stock opened at $76.74 on Thursday. The business has a fifty day simple moving average of $82.23 and a 200-day simple moving average of $87.42. iShares Gold Trust has a fifty-two week low of $61.60 and a fifty-two week high of $104.40. The firm has a market cap of $63.38 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.

Key iShares Gold Trust News

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

iShares Gold Trust Profile

(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).

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

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