Arkadios Wealth Advisors Boosts Stock Position in iShares Gold Trust $IAU

Arkadios Wealth Advisors boosted its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 101.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,086 shares of the exchange traded fund’s stock after purchasing an additional 46,460 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares Gold Trust were worth $6,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ehrlich Financial Group increased its holdings in iShares Gold Trust by 15.3% during the 3rd quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock worth $3,266,000 after acquiring an additional 5,943 shares during the period. Bay Harbor Wealth Management LLC grew its position in shares of iShares Gold Trust by 63.6% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 55,530 shares of the exchange traded fund’s stock valued at $4,041,000 after purchasing an additional 21,596 shares in the last quarter. Bryn Mawr Trust Advisors LLC increased its holdings in shares of iShares Gold Trust by 79.9% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 51,910 shares of the exchange traded fund’s stock worth $3,237,000 after purchasing an additional 23,054 shares during the period. First Horizon Corp purchased a new stake in shares of iShares Gold Trust in the third quarter worth $1,863,000. Finally, Strategic Blueprint LLC raised its position in shares of iShares Gold Trust by 30.2% in the third quarter. Strategic Blueprint LLC now owns 136,931 shares of the exchange traded fund’s stock worth $9,964,000 after buying an additional 31,746 shares in the last quarter. Hedge funds and other institutional investors 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 Up 3.8%

Shares of NYSEARCA IAU opened at $89.55 on Wednesday. The stock’s 50-day simple moving average is $81.45 and its two-hundred day simple moving average is $73.32. iShares Gold Trust has a twelve month low of $51.51 and a twelve month high of $89.75. The firm has a market capitalization of $75.27 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).

See Also

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.