White Lighthouse Investment Management Inc. Has $12.61 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

White Lighthouse Investment Management Inc. boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 253,613 shares of the exchange traded fund’s stock after acquiring an additional 2,017 shares during the quarter. iShares Gold Trust accounts for approximately 2.3% of White Lighthouse Investment Management Inc.’s portfolio, making the stock its 11th largest position. White Lighthouse Investment Management Inc.’s holdings in iShares Gold Trust were worth $12,605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IAU. Beacon Financial Advisory LLC acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth approximately $206,000. Avidian Wealth Enterprises LLC acquired a new stake in iShares Gold Trust during the third quarter worth approximately $571,000. Marks Group Wealth Management Inc lifted its holdings in iShares Gold Trust by 1.4% during the 3rd quarter. Marks Group Wealth Management Inc now owns 34,529 shares of the exchange traded fund’s stock worth $1,716,000 after purchasing an additional 474 shares during the last quarter. Crescent Grove Advisors LLC boosted its stake in iShares Gold Trust by 2.2% in the 3rd quarter. Crescent Grove Advisors LLC now owns 70,997 shares of the exchange traded fund’s stock valued at $3,529,000 after purchasing an additional 1,559 shares during the period. Finally, Austin Private Wealth LLC increased its position in iShares Gold Trust by 1.8% during the 3rd quarter. Austin Private Wealth LLC now owns 28,590 shares of the exchange traded fund’s stock worth $1,421,000 after buying an additional 511 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $50.11 on Wednesday. The firm has a 50-day moving average of $49.73 and a 200-day moving average of $46.62. iShares Gold Trust has a 52-week low of $36.57 and a 52-week high of $52.69.

iShares Gold Trust Company 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.