C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 47,254 iShares Gold Trust (NYSEARCA:IAU)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 47,254 shares of the exchange traded fund’s stock, valued at approximately $2,340,000.

Other institutional investors have also added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $27,000. Archer Investment Corp boosted its holdings in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.7 %

Shares of iShares Gold Trust stock opened at $55.37 on Wednesday. The stock has a 50 day moving average price of $51.37 and a 200-day moving average price of $49.92. iShares Gold Trust has a one year low of $38.21 and a one year high of $55.44.

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.