Confluence Wealth Services Inc. Buys 191 Shares of iShares Gold Trust $IAU

Confluence Wealth Services Inc. boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,721 shares of the exchange traded fund’s stock after buying an additional 191 shares during the period. Confluence Wealth Services Inc.’s holdings in iShares Gold Trust were worth $2,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in iShares Gold Trust in the 1st quarter valued at $27,000. BankPlus Trust Department bought a new position in shares of iShares Gold Trust in the first quarter valued at $27,000. Dunhill Financial LLC grew its holdings in shares of iShares Gold Trust by 86.6% during the first 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 during the last quarter. Garrison Bradford & Associates Inc. bought a new stake in shares of iShares Gold Trust during the first quarter worth about $29,000. Finally, North Capital Inc. bought a new stake in shares of iShares Gold Trust during the first quarter worth about $34,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $73.22 on Monday. The stock has a market cap of $60.09 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $73.43. The firm’s 50-day simple moving average is $66.44 and its 200 day simple moving average is $63.43.

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.