Marks Group Wealth Management Inc Acquires 474 Shares of iShares Gold Trust (NYSEARCA:IAU)

Marks Group Wealth Management Inc boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,529 shares of the exchange traded fund’s stock after acquiring an additional 474 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares Gold Trust were worth $1,716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TCP Asset Management LLC boosted its stake in shares of iShares Gold Trust by 3.0% during the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after purchasing an additional 195 shares during the period. Howard Financial Services LTD. boosted its position in shares of iShares Gold Trust by 2.9% during the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after buying an additional 220 shares during the period. Avaii Wealth Management LLC grew its stake in shares of iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after buying an additional 249 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after buying an additional 262 shares during the period. Finally, OMNI 360 Wealth Inc. lifted its stake in shares of iShares Gold Trust by 5.0% during the 3rd quarter. OMNI 360 Wealth Inc. now owns 5,632 shares of the exchange traded fund’s stock worth $280,000 after acquiring an additional 270 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 3.0 %

Shares of iShares Gold Trust stock opened at $50.23 on Thursday. The stock’s fifty day moving average is $49.78 and its two-hundred day moving average is $46.65. iShares Gold Trust has a 52 week low of $36.57 and a 52 week high of $52.69.

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.