Financial Advocates Investment Management boosted its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 7.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 69,741 shares of the exchange traded fund’s stock after purchasing an additional 5,081 shares during the period. Financial Advocates Investment Management’s holdings in iShares Gold Trust were worth $3,466,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of IAU. Global Trust Asset Management LLC lifted its position in iShares Gold Trust by 250.0% in the second 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 during the last quarter. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust during the second quarter worth about $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust during the 2nd quarter valued at approximately $34,000. Pacifica Partners Inc. purchased a new stake in shares of iShares Gold Trust during the 2nd quarter worth approximately $35,000. Finally, Chris Bulman Inc acquired a new stake in shares of iShares Gold Trust in the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 0.6 %
Shares of IAU stock opened at $52.65 on Thursday. The stock has a fifty day moving average price of $49.38 and a 200 day moving average price of $46.43. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $52.69.
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.
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