Merit Financial Group LLC Buys 119,379 Shares of iShares Gold Trust $IAU

Merit Financial Group LLC boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 51.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 350,876 shares of the exchange traded fund’s stock after buying an additional 119,379 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Gold Trust were worth $21,881,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in IAU. Brighton Jones LLC bought a new position in iShares Gold Trust during the fourth quarter valued at about $1,864,000. Bison Wealth LLC lifted its holdings in iShares Gold Trust by 78.5% during the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares during the last quarter. GAMMA Investing LLC lifted its holdings in iShares Gold Trust by 6,835.3% during the first quarter. GAMMA Investing LLC now owns 96,400 shares of the exchange traded fund’s stock valued at $5,684,000 after purchasing an additional 95,010 shares during the last quarter. NBC Securities Inc. lifted its holdings in iShares Gold Trust by 106,116.7% during the first quarter. NBC Securities Inc. now owns 6,373 shares of the exchange traded fund’s stock valued at $375,000 after purchasing an additional 6,367 shares during the last quarter. Finally, Magnus Financial Group LLC purchased a new stake in iShares Gold Trust during the first quarter valued at about $244,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8%

NYSEARCA IAU opened at $73.22 on Friday. The company has a market cap of $59.82 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $73.43. The firm’s 50-day simple moving average is $66.44 and its two-hundred day simple moving average is $63.39.

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.