Confluence Wealth Services Inc. Purchases 191 Shares of iShares Gold Trust $IAU

Confluence Wealth Services Inc. lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 43,721 shares of the exchange traded fund’s stock after acquiring an additional 191 shares during the quarter. Confluence Wealth Services Inc.’s holdings in iShares Gold Trust were worth $2,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of IAU. GAMMA Investing LLC raised its stake in shares of iShares Gold Trust by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 245 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in iShares Gold Trust during the first quarter worth about $267,000. Kingswood Wealth Advisors LLC increased its holdings in iShares Gold Trust by 192.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock worth $5,344,000 after buying an additional 59,706 shares during the last quarter. McAdam LLC raised its position in iShares Gold Trust by 4.6% in the second quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after acquiring an additional 341 shares during the period. Finally, Summit Financial LLC boosted its stake in iShares Gold Trust by 232.6% in the first quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after acquiring an additional 195,640 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.8%

iShares Gold Trust stock opened at $73.22 on Monday. The firm has a 50 day moving average price of $66.44 and a 200-day moving average price of $63.43. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $73.43. The company has a market capitalization of $60.09 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.