Meridian Wealth Advisors LLC Raises Stake in iShares Gold Trust $IAU

Meridian Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 545,373 shares of the exchange traded fund’s stock after buying an additional 35,794 shares during the quarter. iShares Gold Trust comprises 5.4% of Meridian Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Meridian Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $34,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC bought a new stake in iShares Gold Trust in the 4th quarter valued at $1,864,000. Bison Wealth LLC raised its position in shares of iShares Gold Trust by 78.5% during the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of iShares Gold Trust by 3.0% in the first quarter. Pinnacle Associates Ltd. now owns 12,701 shares of the exchange traded fund’s stock valued at $749,000 after buying an additional 369 shares during the period. Principle Wealth Partners LLC lifted its stake in shares of iShares Gold Trust by 4.6% in the first quarter. Principle Wealth Partners LLC now owns 17,209 shares of the exchange traded fund’s stock valued at $1,015,000 after buying an additional 750 shares during the period. Finally, Brookwood Investment Group LLC acquired a new stake in iShares Gold Trust during the first quarter worth about $948,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.2%

Shares of IAU opened at $76.61 on Friday. The stock’s 50-day moving average price is $75.00 and its 200 day moving average price is $67.48. The firm has a market capitalization of $63.13 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12-month low of $48.83 and a 12-month high of $82.55.

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.