Muirfield Wealth Advisors LLC Invests $553,000 in iShares Gold Trust $IAU

Muirfield Wealth Advisors LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,875 shares of the exchange traded fund’s stock, valued at approximately $553,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keener Financial Planning LLC bought a new position in iShares Gold Trust during the second quarter worth $25,000. Smallwood Wealth Investment Management LLC bought a new position in iShares Gold Trust during the first quarter worth $27,000. BankPlus Trust Department bought a new position in iShares Gold Trust during the first quarter worth $27,000. Dunhill Financial LLC increased its position in iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 219 shares during the period. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust during the first quarter worth $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.0%

Shares of IAU stock opened at $75.58 on Friday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $76.49. The firm’s fifty day simple moving average is $67.72 and its 200 day simple moving average is $64.02. The firm has a market capitalization of $62.36 billion, a P/E ratio of 5.53 and a beta of 0.15.

iShares Gold Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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