PAX Financial Group LLC Has $3.97 Million Stock Position in iShares Gold Trust $IAU

PAX Financial Group LLC boosted its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 24.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,613 shares of the exchange traded fund’s stock after purchasing an additional 10,659 shares during the period. PAX Financial Group LLC’s holdings in iShares Gold Trust were worth $3,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Forthright Family Wealth Advisory LLC grew its stake in shares of iShares Gold Trust by 71.0% in the third quarter. Forthright Family Wealth Advisory LLC now owns 45,316 shares of the exchange traded fund’s stock valued at $3,298,000 after buying an additional 18,823 shares in the last quarter. Carrera Capital Advisors acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth about $231,000. Mutual Advisors LLC lifted its position in iShares Gold Trust by 91.8% during the third quarter. Mutual Advisors LLC now owns 140,044 shares of the exchange traded fund’s stock worth $10,860,000 after acquiring an additional 67,047 shares during the last quarter. UMB Bank n.a. boosted its stake in iShares Gold Trust by 11.6% in the 3rd quarter. UMB Bank n.a. now owns 257,416 shares of the exchange traded fund’s stock valued at $18,732,000 after purchasing an additional 26,788 shares during the period. Finally, Transcend Capital Advisors LLC boosted its position in shares of iShares Gold Trust by 15.7% in the third quarter. Transcend Capital Advisors LLC now owns 20,034 shares of the exchange traded fund’s stock valued at $1,458,000 after acquiring an additional 2,723 shares during the period. 59.67% of the stock is currently owned by institutional investors.

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iShares Gold Trust Stock Down 10.2%

Shares of NYSEARCA:IAU opened at $91.20 on Friday. The firm has a market cap of $77.00 billion, a PE ratio of 5.53 and a beta of 0.09. The company’s 50 day moving average price is $84.38 and its two-hundred day moving average price is $75.08. iShares Gold Trust has a 12-month low of $52.74 and a 12-month high of $104.40.

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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