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

Beacon Financial Group raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 55.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,354 shares of the exchange traded fund’s stock after purchasing an additional 35,620 shares during the quarter. Beacon Financial Group’s holdings in iShares Gold Trust were worth $7,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of IAU. Brighton Jones LLC bought a new stake in iShares Gold Trust in the fourth quarter valued at $1,864,000. Bison Wealth LLC boosted its stake in shares of iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of iShares Gold Trust by 13,240.0% in the 1st quarter. Brooklyn Investment Group now owns 5,336 shares of the exchange traded fund’s stock worth $315,000 after purchasing an additional 5,296 shares during the last quarter. Northern Trust Corp increased its position in shares of iShares Gold Trust by 14.1% during the 1st quarter. Northern Trust Corp now owns 3,591,732 shares of the exchange traded fund’s stock worth $211,769,000 after purchasing an additional 444,702 shares in the last quarter. Finally, RWA Wealth Partners LLC lifted its holdings in iShares Gold Trust by 176.6% during the 1st quarter. RWA Wealth Partners LLC now owns 22,836 shares of the exchange traded fund’s stock valued at $1,346,000 after purchasing an additional 14,581 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 0.8%

NYSEARCA:IAU opened at $81.76 on Thursday. The firm has a market cap of $67.38 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12 month low of $48.83 and a 12 month high of $82.55. The company’s 50-day moving average price is $77.86 and its two-hundred day moving average price is $69.71.

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.