iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,145 shares of the exchange traded fund’s stock after buying an additional 2,274 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares Gold Trust were worth $2,492,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of iShares Gold Trust during the first quarter valued at $555,000. Ashton Thomas Private Wealth LLC grew its position in shares of iShares Gold Trust by 0.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 31,759 shares of the exchange traded fund’s stock valued at $1,334,000 after purchasing an additional 293 shares during the period. Mission Wealth Management LP acquired a new position in iShares Gold Trust in the first quarter valued at $453,000. Fidelis Capital Partners LLC acquired a new position in iShares Gold Trust in the first quarter valued at $1,526,000. Finally, Bryn Mawr Capital Management LLC lifted its position in iShares Gold Trust by 33.8% during the first quarter. Bryn Mawr Capital Management LLC now owns 20,293 shares of the exchange traded fund’s stock worth $853,000 after buying an additional 5,130 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $51.63 on Friday. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $52.69. The business has a 50-day moving average of $49.56 and a two-hundred day moving average of $46.51.

iShares Gold Trust Company 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.