Beacon Harbor Wealth Advisors Inc. Has $12.25 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Beacon Harbor Wealth Advisors Inc. boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 246,516 shares of the exchange traded fund’s stock after acquiring an additional 1,444 shares during the period. iShares Gold Trust accounts for about 2.9% of Beacon Harbor Wealth Advisors Inc.’s holdings, making the stock its 6th biggest position. Beacon Harbor Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $12,252,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Truist Financial Corp raised its holdings in shares of iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the period. 1832 Asset Management L.P. bought a new stake in iShares Gold Trust in the 1st quarter valued at about $30,021,000. Hsbc Holdings PLC raised its stake in iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after acquiring an additional 665,653 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares Gold Trust during the second quarter valued at about $26,134,000. Finally, Cetera Investment Advisers boosted its position in iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after purchasing an additional 586,652 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $51.06 on Friday. The company’s 50 day moving average is $49.85 and its 200-day moving average is $46.68. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $52.69.

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.