Legacy Financial Group LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Legacy Financial Group LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, Holdings Channel.com reports. The fund acquired 51,560 shares of the exchange traded fund’s stock, valued at approximately $2,553,000.

Other large investors have also recently bought and sold shares of the company. TCP Asset Management LLC boosted its stake in iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 195 shares in the last quarter. Baker Avenue Asset Management LP raised its stake in shares of iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares during the period. SeaCrest Wealth Management LLC raised its stake in iShares Gold Trust by 2.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 215 shares during the period. Howard Financial Services LTD. raised its holdings in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after acquiring an additional 220 shares in the last quarter. Finally, Avaii Wealth Management LLC raised its holdings in shares of iShares Gold Trust by 1.7% during the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after acquiring an additional 249 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $52.31 on Monday. The business has a fifty day moving average price of $50.17 and a 200 day moving average price of $48.98. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $52.69.

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.