iShares Gold Trust (NYSEARCA:IAU) is Legend Financial Advisors Inc.’s 3rd Largest Position

Legend Financial Advisors Inc. grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 290,865 shares of the exchange traded fund’s stock after acquiring an additional 1,785 shares during the period. iShares Gold Trust accounts for approximately 8.9% of Legend Financial Advisors Inc.’s portfolio, making the stock its 3rd largest holding. Legend Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $12,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. bought a new position in shares of iShares Gold Trust in the first quarter worth $246,000. Private Ocean LLC purchased a new position in shares of iShares Gold Trust during the first quarter worth about $29,000. Howard Financial Services LTD. raised its stake in iShares Gold Trust by 5.3% in the first quarter. Howard Financial Services LTD. now owns 7,238 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 365 shares in the last quarter. Maltin Wealth Management Inc. lifted its position in iShares Gold Trust by 4.8% during the first quarter. Maltin Wealth Management Inc. now owns 121,284 shares of the exchange traded fund’s stock valued at $5,095,000 after purchasing an additional 5,522 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors grew its stake in iShares Gold Trust by 6.6% in the 1st quarter. Vanguard Capital Wealth Advisors now owns 46,861 shares of the exchange traded fund’s stock worth $1,969,000 after buying an additional 2,917 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 0.1 %

IAU traded down $0.03 during trading on Friday, reaching $43.93. The stock had a trading volume of 2,696,042 shares, compared to its average volume of 4,214,622. The business has a 50-day moving average of $44.18 and a 200-day moving average of $41.43. iShares Gold Trust has a one year low of $34.35 and a one year high of $46.08.

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.