4,132 Shares in iShares Gold Trust (NYSEARCA:IAU) Bought by Magnus Financial Group LLC

Magnus Financial Group LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,132 shares of the exchange traded fund’s stock, valued at approximately $244,000.

Other institutional investors have also recently bought and sold shares of the company. Tucker Asset Management LLC increased its stake in shares of iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares during the period. Compass Financial Services Inc acquired a new stake in iShares Gold Trust in the 4th quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in iShares Gold Trust in the 4th quarter worth approximately $28,000. Wintrust Investments LLC bought a new position in iShares Gold Trust in the 4th quarter worth approximately $29,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter worth approximately $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.3%

IAU opened at $62.47 on Friday. The business has a 50 day moving average of $61.52 and a 200-day moving average of $55.77. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 1-year low of $43.35 and a 1-year high of $64.98.

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.