LifePlan Financial LLC Takes $7.52 Million Position in iShares Gold Trust (NYSEARCA:IAU)

LifePlan Financial LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAUFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 192,713 shares of the exchange traded fund’s stock, valued at approximately $7,522,000. iShares Gold Trust accounts for 7.5% of LifePlan Financial LLC’s holdings, making the stock its biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redhawk Wealth Advisors Inc. lifted its stake in iShares Gold Trust by 2.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 11,390 shares of the exchange traded fund’s stock worth $445,000 after purchasing an additional 262 shares during the last quarter. Ieq Capital LLC lifted its stake in iShares Gold Trust by 0.7% during the third quarter. Ieq Capital LLC now owns 41,123 shares of the exchange traded fund’s stock worth $1,439,000 after purchasing an additional 266 shares during the last quarter. Asset Dedication LLC lifted its stake in iShares Gold Trust by 2.5% during the third quarter. Asset Dedication LLC now owns 11,334 shares of the exchange traded fund’s stock worth $396,000 after purchasing an additional 278 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in iShares Gold Trust by 10.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 282 shares during the last quarter. Finally, First Financial Corp IN lifted its stake in iShares Gold Trust by 19.9% during the fourth quarter. First Financial Corp IN now owns 1,715 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU traded up $0.83 on Monday, reaching $45.13. The stock had a trading volume of 15,439,376 shares, compared to its average volume of 6,591,728. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $45.98. The business’s 50-day moving average price is $40.51 and its 200 day moving average price is $38.67.

iShares Gold Trust Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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