Fortis Group Advisors LLC Raises Holdings in iShares Gold Trust (NYSEARCA:IAU)

Fortis Group Advisors LLC grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 90.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,952 shares of the exchange traded fund’s stock after purchasing an additional 74,516 shares during the period. iShares Gold Trust makes up approximately 1.8% of Fortis Group Advisors LLC’s holdings, making the stock its 8th largest holding. Fortis Group Advisors LLC’s holdings in iShares Gold Trust were worth $9,254,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new position in iShares Gold Trust during the 1st quarter worth $27,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust in the 1st quarter valued at $27,000. Dunhill Financial LLC increased its position in shares of iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares in the last quarter. Tucker Asset Management LLC increased its position in shares of iShares Gold Trust by 106.9% in the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 263 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in iShares Gold Trust during the 4th quarter worth about $28,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.5%

IAU stock opened at $63.11 on Thursday. The stock has a 50-day moving average price of $62.69 and a two-hundred day moving average price of $58.28. The stock has a market cap of $47.68 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $44.46 and a 1 year high of $65.00.

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.