M Holdings Securities Inc. Invests $1.77 Million in iShares Gold Trust $IAU

M Holdings Securities Inc. purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,352 shares of the exchange traded fund’s stock, valued at approximately $1,772,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Maia Wealth LLC raised its stake in iShares Gold Trust by 5.4% during the 3rd quarter. Maia Wealth LLC now owns 17,025 shares of the exchange traded fund’s stock valued at $1,319,000 after acquiring an additional 874 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in iShares Gold Trust by 19.6% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 940 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 154 shares during the period. Regal Investment Advisors LLC grew its stake in shares of iShares Gold Trust by 58.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 57,086 shares of the exchange traded fund’s stock valued at $4,154,000 after purchasing an additional 21,081 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of iShares Gold Trust by 8.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 26,765 shares of the exchange traded fund’s stock valued at $1,948,000 after purchasing an additional 2,099 shares during the last quarter. Finally, Benchmark Investment Advisors LLC acquired a new position in shares of iShares Gold Trust in the third quarter valued at approximately $533,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $94.38 on Friday. iShares Gold Trust has a 12 month low of $55.78 and a 12 month high of $104.40. The business has a 50 day simple moving average of $93.05 and a 200-day simple moving average of $81.68. The stock has a market capitalization of $79.69 billion, a PE ratio of 5.53 and a beta of 0.09.

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About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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