Delta Financial Group Inc. Invests $239,000 in iShares Gold Trust (NYSEARCA:IAU)

Delta Financial Group Inc. bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,829 shares of the exchange traded fund’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Strategic Financial Concepts LLC bought a new position in shares of iShares Gold Trust in the 4th quarter valued at about $442,000. Sanchez Wealth Management Group bought a new position in iShares Gold Trust in the fourth quarter valued at approximately $228,000. JPMorgan Chase & Co. grew its stake in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares in the last quarter. Independent Family Office LLC increased its position in shares of iShares Gold Trust by 4.1% during the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after purchasing an additional 16,827 shares during the last quarter. Finally, Silverleafe Capital Partners LLC raised its stake in shares of iShares Gold Trust by 0.4% during the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after purchasing an additional 689 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $55.39 on Monday. iShares Gold Trust has a 12 month low of $38.21 and a 12 month high of $55.60. The stock has a 50 day moving average of $51.75 and a 200-day moving average of $50.20.

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.