Beacon Financial Advisory LLC Boosts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Beacon Financial Advisory LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 40.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,812 shares of the exchange traded fund’s stock after purchasing an additional 1,671 shares during the period. Beacon Financial Advisory LLC’s holdings in iShares Gold Trust were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IAU. AQR Capital Management LLC bought a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $683,000. Park Avenue Securities LLC increased its holdings in shares of iShares Gold Trust by 16.5% in the 3rd quarter. Park Avenue Securities LLC now owns 10,286 shares of the exchange traded fund’s stock worth $511,000 after purchasing an additional 1,459 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of iShares Gold Trust by 158.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 887 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of iShares Gold Trust by 17.4% during the third quarter. Diversified Trust Co now owns 6,506 shares of the exchange traded fund’s stock valued at $323,000 after purchasing an additional 963 shares in the last quarter. Finally, Cypress Wealth Services LLC bought a new position in shares of iShares Gold Trust during the third quarter valued at $382,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 0.2 %

NYSEARCA IAU opened at $53.89 on Friday. The stock has a 50-day moving average of $50.63 and a 200 day moving average of $49.38. iShares Gold Trust has a one year low of $37.53 and a one year high of $54.40.

About iShares Gold Trust

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.