Twin Peaks Wealth Advisors LLC Invests $513,000 in iShares Gold Trust (NYSEARCA:IAU)

Twin Peaks Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,352 shares of the exchange traded fund’s stock, valued at approximately $513,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. TCP Asset Management LLC lifted its holdings in shares of iShares Gold Trust by 3.0% during the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after acquiring an additional 195 shares during the period. Quadrant Private Wealth Management LLC increased its position in shares of iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 195 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 212 shares in the last quarter. Baker Avenue Asset Management LP increased its position in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in shares of iShares Gold Trust by 2.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 215 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 0.5 %

Shares of iShares Gold Trust stock opened at $55.68 on Tuesday. The company has a 50-day simple moving average of $51.86 and a 200 day simple moving average of $50.27. iShares Gold Trust has a 12-month low of $38.31 and a 12-month high of $55.70.

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.