10,512 Shares in iShares Gold Trust (NYSEARCA:IAU) Acquired by Keystone Financial Group

Keystone Financial Group purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,512 shares of the exchange traded fund’s stock, valued at approximately $520,000.

Several other institutional investors also recently bought and sold shares of IAU. Bank of New York Mellon Corp grew its stake in shares of iShares Gold Trust by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock valued at $56,260,000 after buying an additional 62,195 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in iShares Gold Trust in the fourth quarter valued at approximately $442,000. Sanchez Wealth Management Group acquired a new position in shares of iShares Gold Trust during the fourth quarter worth $228,000. JPMorgan Chase & Co. boosted its stake in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the period. Finally, Silverleafe Capital Partners LLC grew its holdings in iShares Gold Trust by 0.4% during the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $60.96 on Monday. iShares Gold Trust has a 12-month low of $43.05 and a 12-month high of $61.22. The company has a market capitalization of $44.04 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. The firm’s fifty day moving average price is $56.18 and its 200 day moving average price is $52.49.

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.