Financial Counselors Inc. Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Financial Counselors Inc. boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 13.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,460 shares of the exchange traded fund’s stock after purchasing an additional 18,770 shares during the quarter. Financial Counselors Inc.’s holdings in iShares Gold Trust were worth $7,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Archer Investment Corp grew its stake 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 buying an additional 529 shares during the period. Global Trust Asset Management LLC grew its position in iShares Gold Trust by 250.0% during 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 period. 1620 Investment Advisors Inc. acquired a new stake in iShares Gold Trust during the second quarter worth about $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust in the 2nd quarter worth about $34,000. Finally, Pacifica Partners Inc. acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $35,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.2 %

Shares of NYSEARCA:IAU opened at $49.78 on Friday. iShares Gold Trust has a 1 year low of $37.40 and a 1 year high of $52.69. The stock has a 50-day simple moving average of $50.39 and a 200-day simple moving average of $47.27.

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.