Zhang Financial LLC Has $9.98 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Zhang Financial LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 739,156 shares of the exchange traded fund’s stock after buying an additional 4,607 shares during the period. iShares Gold Trust makes up about 4.2% of Zhang Financial LLC’s portfolio, making the stock its 6th biggest holding. Zhang Financial LLC’s holdings in iShares Gold Trust were worth $9,979,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Confluence Investment Management LLC boosted its stake in iShares Gold Trust by 2.0% during the second quarter. Confluence Investment Management LLC now owns 410,991 shares of the exchange traded fund’s stock valued at $5,548,000 after buying an additional 8,167 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new position in iShares Gold Trust during the second quarter valued at approximately $28,318,000. Ackerman Capital Advisors LLC bought a new position in iShares Gold Trust during the second quarter valued at approximately $631,000. Whittier Trust Co. boosted its stake in iShares Gold Trust by 10,058.7% during the second quarter. Whittier Trust Co. now owns 6,400 shares of the exchange traded fund’s stock valued at $86,000 after buying an additional 6,337 shares during the last quarter. Finally, Asset Dedication LLC boosted its stake in iShares Gold Trust by 154.4% during the second quarter. Asset Dedication LLC now owns 9,526 shares of the exchange traded fund’s stock valued at $129,000 after buying an additional 5,781 shares during the last quarter.

iShares Gold Trust stock traded down $0.04 during midday trading on Friday, reaching $13.79. 23,908,769 shares of the stock traded hands, compared to its average volume of 16,026,320. The business’s fifty day moving average price is $13.44. iShares Gold Trust has a 12 month low of $11.25 and a 12 month high of $13.86.

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.

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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