22,710 Shares in iShares Gold Trust (NYSEARCA:IAU) Bought by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 22,710 shares of the exchange traded fund’s stock, valued at approximately $1,124,000.

Several other large investors have also added to or reduced their stakes in IAU. Tucker Asset Management LLC raised its holdings in shares of iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares during the last quarter. Compass Financial Services Inc acquired a new stake in iShares Gold Trust during the 4th quarter worth about $27,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at about $29,000. Financial Life Planners purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at about $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.2 %

Shares of IAU opened at $58.86 on Wednesday. The stock’s 50-day moving average price is $55.05 and its 200-day moving average price is $51.90. The company has a market capitalization of $42.53 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a 52 week low of $42.57 and a 52 week high of $59.15.

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.