RFG Advisory LLC Increases Position in iShares Gold Trust $IAU

RFG Advisory LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 22.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,703 shares of the exchange traded fund’s stock after buying an additional 6,617 shares during the quarter. RFG Advisory LLC’s holdings in iShares Gold Trust were worth $2,289,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Keener Financial Planning LLC purchased a new stake in shares of iShares Gold Trust during the second quarter valued at $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of iShares Gold Trust during the first quarter valued at $27,000. BankPlus Trust Department purchased a new stake in shares of iShares Gold Trust during the first quarter valued at $27,000. Dunhill Financial LLC grew its holdings in shares of iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. purchased a new stake in shares of iShares Gold Trust during the first quarter valued at $29,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of IAU opened at $79.32 on Thursday. The firm has a market capitalization of $65.61 billion, a PE ratio of 5.53 and a beta of 0.15. The company’s fifty day moving average price is $68.60 and its 200-day moving average price is $64.40. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $79.39.

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.