Berger Financial Group Inc Purchases 1,103 Shares of iShares Gold Trust $IAU

Berger Financial Group Inc boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 22.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,934 shares of the exchange traded fund’s stock after purchasing an additional 1,103 shares during the quarter. Berger Financial Group Inc’s holdings in iShares Gold Trust were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in iShares Gold Trust in the fourth quarter valued at approximately $1,864,000. Bison Wealth LLC lifted its stake in shares of iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares during the period. GAMMA Investing LLC boosted its position in shares of iShares Gold Trust by 6,835.3% in the 1st quarter. GAMMA Investing LLC now owns 96,400 shares of the exchange traded fund’s stock worth $5,684,000 after purchasing an additional 95,010 shares during the last quarter. Wedmont Private Capital acquired a new stake in shares of iShares Gold Trust during the first quarter worth $214,000. Finally, Revolve Wealth Partners LLC bought a new stake in iShares Gold Trust in the first quarter valued at about $225,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $74.62 on Tuesday. The firm’s 50 day simple moving average is $66.68 and its 200 day simple moving average is $63.55. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $74.80. The company has a market capitalization of $61.24 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.