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

Beam Wealth Advisors Inc. grew its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 41.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,882 shares of the exchange traded fund’s stock after purchasing an additional 7,351 shares during the period. Beam Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $2,194,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IAU. Personal CFO Solutions LLC acquired a new position in shares of iShares Gold Trust during the first quarter worth approximately $617,000. Quantum Portfolio Management LLC increased its position in iShares Gold Trust by 4.8% in the 1st quarter. Quantum Portfolio Management LLC now owns 10,594 shares of the exchange traded fund’s stock valued at $934,000 after acquiring an additional 483 shares during the period. Penobscot Investment Management Company Inc. acquired a new stake in iShares Gold Trust in the 1st quarter valued at approximately $202,000. Golden Road Advisors LLC bought a new stake in iShares Gold Trust during the 1st quarter valued at $297,000. Finally, KERR FINANCIAL PLANNING Corp raised its stake in iShares Gold Trust by 42.8% during the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 2,003 shares of the exchange traded fund’s stock valued at $173,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

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

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $76.74 on Thursday. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40. The stock has a fifty day moving average of $82.23 and a two-hundred day moving average of $87.42. The firm has a market capitalization of $63.38 billion, a PE ratio of 5.53 and a beta of 0.18.

iShares Gold Trust Company 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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