Meridian Wealth Advisors LLC Buys 47,110 Shares of iShares Gold Trust (NYSEARCA:IAU)

Meridian Wealth Advisors LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 473,052 shares of the exchange traded fund’s stock after purchasing an additional 47,110 shares during the quarter. iShares Gold Trust comprises about 3.9% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 5th biggest holding. Meridian Wealth Advisors LLC owned about 0.07% of iShares Gold Trust worth $23,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Compass Financial Services Inc bought a new stake in iShares Gold Trust in the 4th quarter valued at $27,000. Wintrust Investments LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter worth $29,000. Financial Life Planners acquired a new position in iShares Gold Trust in the 4th quarter worth about $33,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust in the 4th quarter worth about $40,000. Finally, Valued Wealth Advisors LLC increased its holdings in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 0.8 %

NYSEARCA IAU opened at $56.97 on Friday. The business’s 50-day moving average price is $54.10 and its two-hundred day moving average price is $51.37. iShares Gold Trust has a 12 month low of $41.05 and a 12 month high of $57.59. The firm has a market capitalization of $40.81 billion, a PE ratio of -34.13 and a beta of 0.20.

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.