Focus Financial Network Inc. Acquires 6,219 Shares of iShares Gold Trust (NYSEARCA:IAU)

Focus Financial Network Inc. grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,871 shares of the exchange traded fund’s stock after buying an additional 6,219 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares Gold Trust were worth $2,223,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of iShares Gold Trust by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock valued at $452,449,000 after purchasing an additional 463,281 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of iShares Gold Trust by 226.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after purchasing an additional 4,200,989 shares during the period. Raymond James & Associates boosted its holdings in shares of iShares Gold Trust by 5.0% in the first quarter. Raymond James & Associates now owns 3,844,075 shares of the exchange traded fund’s stock valued at $161,490,000 after purchasing an additional 183,140 shares during the period. Equitable Trust Co. boosted its holdings in shares of iShares Gold Trust by 5.0% in the first quarter. Equitable Trust Co. now owns 2,694,867 shares of the exchange traded fund’s stock valued at $113,211,000 after purchasing an additional 127,828 shares during the period. Finally, GM Advisory Group LLC boosted its holdings in shares of iShares Gold Trust by 1.7% in the fourth quarter. GM Advisory Group LLC now owns 2,166,673 shares of the exchange traded fund’s stock valued at $84,565,000 after purchasing an additional 36,696 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.2 %

Shares of NYSEARCA IAU traded down $0.08 during trading hours on Wednesday, reaching $47.43. The stock had a trading volume of 2,305,293 shares, compared to its average volume of 6,304,261. The business’s fifty day moving average price is $45.19 and its two-hundred day moving average price is $43.29. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $47.83.

About iShares Gold Trust

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.