Meridian Investment Counsel Inc. Has $6.24 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Meridian Investment Counsel Inc. grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 125,976 shares of the exchange traded fund’s stock after buying an additional 1,133 shares during the quarter. iShares Gold Trust makes up approximately 1.9% of Meridian Investment Counsel Inc.’s investment portfolio, making the stock its 6th largest holding. Meridian Investment Counsel Inc.’s holdings in iShares Gold Trust were worth $6,237,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Fisher Asset Management LLC lifted its stake in iShares Gold Trust by 81.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,351 shares of the exchange traded fund’s stock worth $514,000 after purchasing an additional 4,632 shares in the last quarter. Townsquare Capital LLC raised its position in shares of iShares Gold Trust by 6.0% in the third quarter. Townsquare Capital LLC now owns 34,573 shares of the exchange traded fund’s stock worth $1,718,000 after buying an additional 1,943 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in iShares Gold Trust by 70.7% during the third quarter. Glenmede Trust Co. NA now owns 22,861 shares of the exchange traded fund’s stock valued at $1,136,000 after buying an additional 9,468 shares during the period. Atlantic Union Bankshares Corp purchased a new position in iShares Gold Trust during the third quarter worth about $215,000. Finally, Kitching Partners LLC increased its stake in iShares Gold Trust by 20.7% in the 3rd quarter. Kitching Partners LLC now owns 89,331 shares of the exchange traded fund’s stock worth $4,440,000 after acquiring an additional 15,341 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.8 %

IAU stock opened at $58.13 on Monday. The company’s 50 day moving average is $54.75 and its 200 day moving average is $51.75. The stock has a market cap of $41.64 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 1-year low of $42.15 and a 1-year high of $58.98.

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.