5T Wealth LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

5T Wealth LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,745 shares of the exchange traded fund’s stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Compass Financial Services Inc purchased a new stake in iShares Gold Trust during the 4th quarter valued at approximately $27,000. Archer Investment Corp grew its holdings in iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares in the last quarter. Financial Life Planners purchased a new stake in iShares Gold Trust during the 4th quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust during the 4th quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC grew its holdings in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 333 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.5 %

Shares of IAU opened at $54.46 on Monday. iShares Gold Trust has a 1 year low of $37.76 and a 1 year high of $55.29. The company has a 50 day simple moving average of $51.28 and a two-hundred day simple moving average of $49.83.

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.