iShares Gold Trust (NYSEARCA:IAU) Shares Bought by Legend Financial Advisors Inc.

Legend Financial Advisors Inc. lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290,865 shares of the exchange traded fund’s stock after acquiring an additional 1,785 shares during the quarter. iShares Gold Trust accounts for approximately 8.9% of Legend Financial Advisors Inc.’s portfolio, making the stock its 3rd largest holding. Legend Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $12,219,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of iShares Gold Trust by 226.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock worth $236,531,000 after acquiring an additional 4,200,989 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares Gold Trust by 58.9% during the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after acquiring an additional 3,815,686 shares during the last quarter. Axxcess Wealth Management LLC raised its position in iShares Gold Trust by 585.5% during the third quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock worth $38,760,000 after acquiring an additional 946,138 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its holdings in shares of iShares Gold Trust by 57.8% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 1,695,861 shares of the exchange traded fund’s stock valued at $66,189,000 after purchasing an additional 621,382 shares in the last quarter. Finally, Comerica Bank acquired a new stake in shares of iShares Gold Trust in the third quarter valued at approximately $20,698,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU stock traded down $0.03 on Friday, reaching $43.93. The company had a trading volume of 2,696,042 shares, compared to its average volume of 4,214,622. The company’s fifty day moving average is $44.18 and its 200 day moving average is $41.43. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $46.08.

iShares Gold Trust 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.