iShares Gold Trust $IAU Shares Bought by OFC Financial Planning LLC

OFC Financial Planning LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,417 shares of the exchange traded fund’s stock after buying an additional 1,578 shares during the quarter. iShares Gold Trust comprises 2.4% of OFC Financial Planning LLC’s holdings, making the stock its 8th biggest position. OFC Financial Planning LLC’s holdings in iShares Gold Trust were worth $2,088,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. D.B. Root & Company LLC bought a new position in shares of iShares Gold Trust in the first quarter worth $219,000. Circle Wealth Management LLC grew its position in iShares Gold Trust by 2.3% in the first quarter. Circle Wealth Management LLC now owns 810,658 shares of the exchange traded fund’s stock valued at $47,796,000 after acquiring an additional 18,413 shares during the last quarter. Barnes Wealth Management Group Inc grew its position in iShares Gold Trust by 3.7% in the first quarter. Barnes Wealth Management Group Inc now owns 15,712 shares of the exchange traded fund’s stock valued at $926,000 after acquiring an additional 555 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares Gold Trust by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after purchasing an additional 616,559 shares in the last quarter. Finally, Bragg Financial Advisors Inc acquired a new stake in shares of iShares Gold Trust during the first quarter valued at about $239,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.4%

Shares of IAU stock opened at $62.90 on Friday. The business’s 50-day moving average price is $63.13 and its 200-day moving average price is $60.46. The firm has a market capitalization of $48.19 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12 month low of $46.66 and a 12 month high of $65.00.

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.