IFP Advisors Inc Acquires 8,771 Shares of iShares Gold Trust (IAU)
IFP Advisors Inc grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,184 shares of the exchange traded fund’s stock after acquiring an additional 8,771 shares during the period. IFP Advisors Inc’s holdings in iShares Gold Trust were worth $2,166,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in IAU. BDO Wealth Advisors LLC boosted its holdings in iShares Gold Trust by 125.6% during the first quarter. BDO Wealth Advisors LLC now owns 9,025 shares of the exchange traded fund’s stock worth $115,000 after buying an additional 5,025 shares in the last quarter. Fulton Bank N.A. purchased a new stake in iShares Gold Trust during the second quarter worth $124,000. Lido Advisors LLC purchased a new stake in iShares Gold Trust during the first quarter worth $135,000. Ahrens Investment Partners LLC purchased a new stake in iShares Gold Trust during the first quarter worth $136,000. Finally, West Branch Capital LLC purchased a new stake in iShares Gold Trust during the first quarter worth $143,000.
Shares of NYSEARCA IAU opened at $11.26 on Friday. iShares Gold Trust has a 1 year low of $11.25 and a 1 year high of $13.11.
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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