Beacon Harbor Wealth Advisors Inc. Invests $8.94 Million in iShares Gold Trust (NYSEARCA:IAU)

Beacon Harbor Wealth Advisors Inc. bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, HoldingsChannel reports. The fund bought 228,947 shares of the exchange traded fund’s stock, valued at approximately $8,936,000. iShares Gold Trust comprises approximately 2.6% of Beacon Harbor Wealth Advisors Inc.’s portfolio, making the stock its 9th biggest position.

Several other hedge funds also recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at about $28,000. North Star Investment Management Corp. increased its stake in iShares Gold Trust by 125.7% during the 4th quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 479 shares in the last quarter. Chilton Capital Management LLC raised its holdings in shares of iShares Gold Trust by 162.8% in the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 542 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $38,000. Finally, Tompkins Financial Corp acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $57,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.2 %

Shares of iShares Gold Trust stock traded down $0.10 on Thursday, reaching $43.59. 5,749,450 shares of the stock were exchanged, compared to its average volume of 6,945,690. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $45.98. The business has a 50 day moving average price of $42.11 and a two-hundred day moving average price of $39.49.

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.