iShares Gold Trust (NYSEARCA:IAU) Stake Lifted by Meridian Wealth Advisors LLC

Meridian Wealth Advisors LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 8.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 401,495 shares of the exchange traded fund’s stock after buying an additional 30,943 shares during the period. iShares Gold Trust accounts for approximately 3.1% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 7th largest position. Meridian Wealth Advisors LLC owned about 0.06% of iShares Gold Trust worth $17,638,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Fisher Asset Management LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $375,000. Aveo Capital Partners LLC lifted its stake in shares of iShares Gold Trust by 18.2% in the 4th quarter. Aveo Capital Partners LLC now owns 258,376 shares of the exchange traded fund’s stock worth $10,084,000 after acquiring an additional 39,780 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of iShares Gold Trust by 4.2% in 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 in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of iShares Gold Trust by 6.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 8,911 shares of the exchange traded fund’s stock worth $348,000 after acquiring an additional 515 shares during the period. Finally, National Bank of Canada FI raised its holdings in iShares Gold Trust by 4.1% during the fourth quarter. National Bank of Canada FI now owns 415,407 shares of the exchange traded fund’s stock worth $16,167,000 after purchasing an additional 16,411 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU traded up $0.39 during trading on Thursday, reaching $47.50. The company’s stock had a trading volume of 341,538 shares, compared to its average volume of 6,139,773. The company’s fifty day moving average price is $45.94 and its 200-day moving average price is $43.96. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $47.83.

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.