Beam Wealth Advisors Inc. Takes $567,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Beam Wealth Advisors Inc. acquired a new position in iShares Gold Trust (NYSEARCA:IAU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,904 shares of the exchange traded fund’s stock, valued at approximately $567,000.

Several other large investors also recently modified their holdings of IAU. Financial Sense Advisors Inc. grew its stake in shares of iShares Gold Trust by 0.4% during the 1st quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock valued at $2,756,000 after purchasing an additional 230 shares during the period. Pettinga Financial Advisors LLC increased its holdings in iShares Gold Trust by 2.5% during the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock valued at $430,000 after buying an additional 245 shares during the last quarter. Spire Wealth Management increased its holdings in iShares Gold Trust by 1.2% during the first quarter. Spire Wealth Management now owns 21,289 shares of the exchange traded fund’s stock valued at $894,000 after buying an additional 257 shares during the last quarter. EP Wealth Advisors LLC raised its position in iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after acquiring an additional 262 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of iShares Gold Trust by 2.0% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock worth $541,000 after acquiring an additional 277 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $47.35 on Tuesday. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $47.83. The firm has a fifty day moving average price of $46.14 and a 200-day moving average price of $44.20.

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.