Meridian Wealth Management LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,631 shares of the exchange traded fund’s stock, valued at approximately $578,000.
Several other large investors also recently modified their holdings of the business. Archer Investment Corp grew its stake in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares in the last quarter. Global Trust Asset Management LLC grew its position in iShares Gold Trust by 250.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at $34,000. Finally, Pacifica Partners Inc. purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at $35,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Stock Up 1.3 %
IAU stock opened at $51.08 on Monday. iShares Gold Trust has a 1 year low of $37.40 and a 1 year high of $52.69. The company has a fifty day simple moving average of $50.30 and a 200 day simple moving average of $47.16.
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.
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