Merit Financial Group LLC Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Merit Financial Group LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 111.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,215 shares of the exchange traded fund’s stock after acquiring an additional 9,592 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Gold Trust were worth $711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Benjamin F. Edwards & Company Inc. raised its holdings in iShares Gold Trust by 4.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 14,297 shares of the exchange traded fund’s stock valued at $558,000 after acquiring an additional 579 shares during the period. SouthState Corp raised its stake in iShares Gold Trust by 48.8% during the 4th quarter. SouthState Corp now owns 2,527 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 829 shares during the period. Aveo Capital Partners LLC raised its stake in iShares Gold Trust by 18.2% during the 4th quarter. Aveo Capital Partners LLC now owns 258,376 shares of the exchange traded fund’s stock valued at $10,084,000 after purchasing an additional 39,780 shares during the period. Westover Capital Advisors LLC lifted its holdings in iShares Gold Trust by 162.6% in the 4th quarter. Westover Capital Advisors LLC now owns 21,625 shares of the exchange traded fund’s stock worth $844,000 after purchasing an additional 13,391 shares in the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. bought a new position in iShares Gold Trust in the 4th quarter worth approximately $8,936,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.0 %

Shares of IAU opened at $43.96 on Tuesday. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $45.98. The company has a 50 day simple moving average of $42.43 and a two-hundred day simple moving average of $39.66.

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.