Barnes Wealth Management Group Inc Has $926,000 Position in iShares Gold Trust $IAU

Barnes Wealth Management Group Inc raised its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,712 shares of the exchange traded fund’s stock after purchasing an additional 555 shares during the quarter. Barnes Wealth Management Group Inc’s holdings in iShares Gold Trust were worth $926,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of iShares Gold Trust in the first quarter worth $27,000. BankPlus Trust Department acquired a new position in iShares Gold Trust during the first quarter worth $27,000. Dunhill Financial LLC increased its position in iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 219 shares during the last quarter. Garrison Bradford & Associates Inc. acquired a new position in iShares Gold Trust during the first quarter worth $29,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in iShares Gold Trust during the fourth quarter worth $28,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $62.90 on Friday. The company has a market capitalization of $48.19 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a one year low of $46.66 and a one year high of $65.00. The company’s fifty day moving average price is $63.13 and its two-hundred day moving average price is $60.46.

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.