Marks Group Wealth Management Inc Purchases 474 Shares of iShares Gold Trust (NYSEARCA:IAU)

Marks Group Wealth Management Inc grew its position in iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 34,529 shares of the exchange traded fund’s stock after purchasing an additional 474 shares during the period. Marks Group Wealth Management Inc’s holdings in iShares Gold Trust were worth $1,716,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IAU. Crescent Grove Advisors LLC raised its position in shares of iShares Gold Trust by 2.2% in the 3rd quarter. Crescent Grove Advisors LLC now owns 70,997 shares of the exchange traded fund’s stock valued at $3,529,000 after purchasing an additional 1,559 shares during the last quarter. Austin Private Wealth LLC raised its holdings in shares of iShares Gold Trust by 1.8% in the third quarter. Austin Private Wealth LLC now owns 28,590 shares of the exchange traded fund’s stock worth $1,421,000 after buying an additional 511 shares during the last quarter. NorthRock Partners LLC acquired a new stake in shares of iShares Gold Trust during the third quarter worth $2,283,000. Central Bank & Trust Co. grew its holdings in shares of iShares Gold Trust by 3.2% during the third quarter. Central Bank & Trust Co. now owns 14,027 shares of the exchange traded fund’s stock valued at $697,000 after buying an additional 429 shares during the last quarter. Finally, Madden Advisory Services Inc. increased its position in shares of iShares Gold Trust by 1.8% in the 3rd quarter. Madden Advisory Services Inc. now owns 96,920 shares of the exchange traded fund’s stock valued at $4,817,000 after acquiring an additional 1,736 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $50.23 on Thursday. The business has a fifty day moving average of $49.78 and a 200 day moving average of $46.65. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $52.69.

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.