McClarren Financial Advisors Inc. purchased a new stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,500 shares of the exchange traded fund’s stock, valued at approximately $74,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of IAU. Compass Financial Services Inc acquired a new stake in iShares Gold Trust in the fourth quarter valued at approximately $27,000. Archer Investment Corp lifted its holdings in shares of 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 purchasing an additional 529 shares during the last quarter. Financial Life Planners acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC grew its stake 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 worth $42,000 after buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 0.1 %
iShares Gold Trust stock opened at $54.75 on Thursday. The stock has a 50-day moving average of $50.98 and a two-hundred day moving average of $49.66. iShares Gold Trust has a one year low of $37.53 and a one year high of $54.94.
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.
Further Reading
- Five stocks we like better than iShares Gold Trust
- What is a Bond Market Holiday? How to Invest and Trade
- 3 Reasons Micron Stock Is Deeply Undervalued Right Now
- What Are the U.K. Market Holidays? How to Invest and Trade
- Inflation Persists, But So Do Stock Opportunities: Rally On
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Energy Transfer Fuels the Cloud: A Natural Gas Power Play
Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
