iShares Gold Trust (NYSEARCA:IAU) is Meridian Wealth Advisors LLC’s 5th Largest Position

Meridian Wealth Advisors LLC lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 11.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 473,052 shares of the exchange traded fund’s stock after purchasing an additional 47,110 shares during the period. iShares Gold Trust makes up approximately 3.9% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 5th biggest position. Meridian Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $23,421,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IAU. LPL Financial LLC increased its holdings in shares of iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after buying an additional 2,257,590 shares during the period. Blueprint Investment Partners LLC increased its holdings in iShares Gold Trust by 0.8% during the 4th quarter. Blueprint Investment Partners LLC now owns 73,891 shares of the exchange traded fund’s stock valued at $3,658,000 after purchasing an additional 586 shares during the period. Mosley Wealth Management boosted its position in iShares Gold Trust by 6.0% during the 4th quarter. Mosley Wealth Management now owns 35,725 shares of the exchange traded fund’s stock valued at $1,858,000 after acquiring an additional 2,031 shares in the last quarter. Intellus Advisors LLC bought a new stake in iShares Gold Trust during the 4th quarter valued at approximately $38,727,000. Finally, Lee Danner & Bass Inc. bought a new stake in iShares Gold Trust during the 4th quarter valued at approximately $79,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Down 0.8 %

Shares of IAU opened at $56.97 on Friday. The business’s 50 day moving average price is $54.10 and its 200-day moving average price is $51.37. iShares Gold Trust has a 52 week low of $41.05 and a 52 week high of $57.59. The stock has a market cap of $40.81 billion, a P/E ratio of -34.13 and a beta of 0.20.

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.