Beam Wealth Advisors Inc. Has $831,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

Beam Wealth Advisors Inc. lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 3.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,775 shares of the exchange traded fund’s stock after buying an additional 597 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $831,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Quadrant Private Wealth Management LLC raised its stake in shares of iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 195 shares during the period. TPG Advisors LLC raised its stake in shares of iShares Gold Trust by 0.7% in the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares during the period. Riggs Asset Managment Co. Inc. raised its stake in shares of iShares Gold Trust by 1.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares during the period. Baker Avenue Asset Management LP raised its stake in shares of iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after purchasing an additional 215 shares during the period. Finally, SeaCrest Wealth Management LLC raised its stake in shares of iShares Gold Trust by 2.7% in 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. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $54.87 on Friday. The stock’s 50-day simple moving average is $52.71 and its 200 day simple moving average is $50.67. The company has a market cap of $37.24 billion, a P/E ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 52-week low of $40.63 and a 52-week high of $55.70.

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.