iShares Gold Trust (NYSEARCA:IAU) is Meridian Investment Counsel Inc.’s 6th Largest Position

Meridian Investment Counsel Inc. lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,976 shares of the exchange traded fund’s stock after buying an additional 1,133 shares during the period. iShares Gold Trust comprises about 1.9% of Meridian Investment Counsel Inc.’s holdings, making the stock its 6th largest position. Meridian Investment Counsel Inc.’s holdings in iShares Gold Trust were worth $6,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Tucker Asset Management LLC lifted its position in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 263 shares in the last quarter. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $27,000. Wintrust Investments LLC bought a new stake in iShares Gold Trust during the fourth quarter worth $29,000. Financial Life Planners purchased a new position in iShares Gold Trust in the fourth quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in iShares Gold Trust in the 4th quarter valued at $40,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $58.13 on Monday. The stock has a market capitalization of $41.64 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. The business’s fifty day moving average is $54.75 and its 200-day moving average is $51.75. iShares Gold Trust has a one year low of $42.15 and a one year high of $58.98.

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.