iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. raised its position in iShares Gold Trust (NYSEARCA:IAU) by 0.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,058,762 shares of the exchange traded fund’s stock after purchasing an additional 3,632 shares during the period. iShares Gold Trust accounts for approximately 1.9% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 12th biggest holding. Beacon Investment Advisory Services Inc. owned approximately 0.16% of iShares Gold Trust worth $44,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in iShares Gold Trust in the fourth quarter valued at $28,000. Private Ocean LLC purchased a new position in shares of iShares Gold Trust during the 1st quarter worth $29,000. Pingora Partners LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth approximately $31,000. Signature Resources Capital Management LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $32,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of iShares Gold Trust during the 1st quarter worth about $33,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU stock traded down $0.29 on Thursday, hitting $46.15. The stock had a trading volume of 4,044,273 shares, compared to its average volume of 6,195,009. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $46.93. The stock’s 50 day moving average is $44.55 and its 200-day moving average is $42.04.

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.