Beacon Financial Group Acquires 35,620 Shares of iShares Gold Trust $IAU

Beacon Financial Group increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 55.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,354 shares of the exchange traded fund’s stock after buying an additional 35,620 shares during the period. Beacon Financial Group’s holdings in iShares Gold Trust were worth $7,230,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Keener Financial Planning LLC acquired a new position in shares of iShares Gold Trust during the second quarter worth approximately $25,000. MTM Investment Management LLC acquired a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $25,000. Private Wealth Management Group LLC raised its position in iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares during the last quarter. Key Financial Inc bought a new position in iShares Gold Trust in the 2nd quarter worth approximately $28,000. Finally, Traub Capital Management LLC acquired a new position in iShares Gold Trust during the 2nd quarter worth $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $81.76 on Thursday. The business’s fifty day moving average price is $77.86 and its two-hundred day moving average price is $69.71. The firm has a market capitalization of $67.38 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55.

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.