BCGM Wealth Management LLC Acquires 18,524 Shares of iShares Gold Trust $IAU

BCGM Wealth Management LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 34.9% during the third quarter, Holdings Channel.com reports. The firm owned 71,651 shares of the exchange traded fund’s stock after acquiring an additional 18,524 shares during the period. iShares Gold Trust accounts for about 1.4% of BCGM Wealth Management LLC’s portfolio, making the stock its 19th largest position. BCGM Wealth Management LLC’s holdings in iShares Gold Trust were worth $5,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Evolution Wealth Advisors LLC lifted its position in iShares Gold Trust by 1.5% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 8,875 shares of the exchange traded fund’s stock worth $646,000 after buying an additional 135 shares in the last quarter. Axecap Investments LLC raised its stake in shares of iShares Gold Trust by 1.0% in the third quarter. Axecap Investments LLC now owns 14,316 shares of the exchange traded fund’s stock worth $1,042,000 after acquiring an additional 137 shares during the last quarter. Aspiriant LLC lifted its position in shares of iShares Gold Trust by 1.8% during the third quarter. Aspiriant LLC now owns 7,854 shares of the exchange traded fund’s stock worth $572,000 after purchasing an additional 138 shares in the last quarter. Sincerus Advisory LLC grew its stake in shares of iShares Gold Trust by 2.8% during the third quarter. Sincerus Advisory LLC now owns 5,184 shares of the exchange traded fund’s stock valued at $377,000 after purchasing an additional 143 shares during the last quarter. Finally, First National Trust Co grew its stake in shares of iShares Gold Trust by 0.9% during the third quarter. First National Trust Co now owns 15,541 shares of the exchange traded fund’s stock valued at $1,131,000 after purchasing an additional 144 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting iShares Gold Trust

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

iShares Gold Trust Price Performance

IAU stock opened at $99.07 on Monday. The company has a 50 day moving average price of $90.29 and a 200 day moving average price of $79.56. iShares Gold Trust has a fifty-two week low of $53.44 and a fifty-two week high of $104.40. The stock has a market capitalization of $83.65 billion, a PE ratio of 5.53 and a beta of 0.09.

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).

Further Reading

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.