Ehrlich Financial Group Purchases 5,943 Shares of iShares Gold Trust $IAU

Ehrlich Financial Group boosted its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 15.3% in the third quarter, Holdings Channel reports. The fund owned 44,884 shares of the exchange traded fund’s stock after acquiring an additional 5,943 shares during the period. iShares Gold Trust accounts for 1.9% of Ehrlich Financial Group’s investment portfolio, making the stock its 15th biggest holding. Ehrlich Financial Group’s holdings in iShares Gold Trust were worth $3,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Sapient Capital LLC boosted its stake in iShares Gold Trust by 6.2% during the 3rd quarter. Sapient Capital LLC now owns 159,617 shares of the exchange traded fund’s stock valued at $11,518,000 after purchasing an additional 9,330 shares during the period. Sovereign Financial Group Inc. lifted its holdings in shares of iShares Gold Trust by 10.1% during the third quarter. Sovereign Financial Group Inc. now owns 15,665 shares of the exchange traded fund’s stock worth $1,140,000 after buying an additional 1,439 shares during the last quarter. Mayflower Financial Advisors LLC boosted its position in shares of iShares Gold Trust by 11.3% in the third quarter. Mayflower Financial Advisors LLC now owns 22,357 shares of the exchange traded fund’s stock valued at $1,627,000 after acquiring an additional 2,262 shares during the period. Alterna Wealth Management Inc. boosted its position in shares of iShares Gold Trust by 14.9% in the third quarter. Alterna Wealth Management Inc. now owns 23,712 shares of the exchange traded fund’s stock valued at $1,726,000 after acquiring an additional 3,072 shares during the period. Finally, FSM Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust in the third quarter worth $596,000. 59.67% of the stock is owned by institutional investors and hedge funds.

Key iShares Gold Trust News

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iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $85.34 on Friday. iShares Gold Trust has a one year low of $49.00 and a one year high of $85.69. The company has a fifty day moving average price of $78.66 and a 200 day moving average price of $70.72. The stock has a market cap of $70.33 billion, a P/E ratio of 5.53 and a beta of 0.09.

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).

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

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