Keystone Financial Services Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Keystone Financial Services purchased a new position in iShares Gold Trust (NYSEARCA:IAU) during the first quarter, Holdings Channel reports. The fund purchased 58,543 shares of the exchange traded fund’s stock, valued at approximately $3,452,000. iShares Gold Trust accounts for 1.3% of Keystone Financial Services’ holdings, making the stock its 17th largest holding.

A number of other large investors have also bought and sold shares of IAU. Tucker Asset Management LLC increased its stake in iShares Gold Trust by 106.9% in the 4th 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 period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $28,000. Dunhill Financial LLC grew its position in shares of iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 219 shares during the last quarter. Wintrust Investments LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $29,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $63.67 on Tuesday. The firm has a market cap of $46.86 billion, a P/E ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a fifty-two week low of $43.35 and a fifty-two week high of $65.00. The business’s 50 day moving average price is $62.66 and its 200-day moving average price is $56.86.

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.