MinichMacGregor Wealth Management LLC Purchases New Position in iShares Gold Trust (NYSEARCA:IAU)

MinichMacGregor Wealth Management LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,833 shares of the exchange traded fund’s stock, valued at approximately $226,000.

Several other large investors have also added to or reduced their stakes in IAU. Brighton Jones LLC bought a new position in iShares Gold Trust in the 4th quarter valued at about $1,864,000. Private Advisor Group LLC lifted its position in iShares Gold Trust by 13.3% in the 4th quarter. Private Advisor Group LLC now owns 163,738 shares of the exchange traded fund’s stock valued at $8,107,000 after acquiring an additional 19,185 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in iShares Gold Trust by 114.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 30,680 shares of the exchange traded fund’s stock valued at $1,519,000 after acquiring an additional 16,389 shares in the last quarter. Centricity Wealth Management LLC bought a new position in iShares Gold Trust in the 4th quarter valued at about $56,000. Finally, Transcend Capital Advisors LLC lifted its position in iShares Gold Trust by 21.2% in the 4th quarter. Transcend Capital Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock valued at $636,000 after acquiring an additional 2,249 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $63.45 on Friday. The firm has a market cap of $46.70 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 52 week low of $43.35 and a 52 week high of $65.00. The firm has a 50-day moving average price of $62.60 and a two-hundred day moving average price of $56.71.

About iShares Gold Trust

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.