Keystone Financial Services Acquires New Position in iShares Gold Trust (NYSEARCA:IAU)

Keystone Financial Services acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 58,543 shares of the exchange traded fund’s stock, valued at approximately $3,452,000. iShares Gold Trust makes up about 1.3% of Keystone Financial Services’ holdings, making the stock its 17th largest holding.

Other large investors also recently modified their holdings of the company. Dunhill Financial LLC raised its holdings in shares of iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares in the last quarter. Tucker Asset Management LLC raised its holdings 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 valued at $25,000 after buying an additional 263 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at about $28,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at about $29,000. Finally, Wood Tarver Financial Group LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at about $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.3%

Shares of NYSEARCA IAU opened at $63.67 on Tuesday. The stock’s 50-day moving average is $62.66 and its 200 day moving average is $56.86. The stock has a market cap of $46.86 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 $65.00.

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.