Sheaff Brock Investment Advisors LLC Acquires Shares of 5,250 iShares Gold Trust (NYSEARCA:IAU)

Sheaff Brock Investment Advisors LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU) during the third quarter, Holdings Channel reports. The fund bought 5,250 shares of the exchange traded fund’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Trust Asset Management LLC lifted its position in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust in the 2nd quarter worth about $31,000. Opal Wealth Advisors LLC purchased a new position in iShares Gold Trust in the 2nd quarter worth about $34,000. Pacifica Partners Inc. bought a new position in iShares Gold Trust during the 2nd quarter valued at about $35,000. Finally, Chris Bulman Inc purchased a new stake in shares of iShares Gold Trust during the 2nd quarter valued at about $43,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $48.37 on Friday. iShares Gold Trust has a 12-month low of $37.21 and a 12-month high of $52.69. The firm’s 50 day moving average is $50.08 and its 200 day moving average is $46.89.

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.