Avidian Wealth Enterprises LLC Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Avidian Wealth Enterprises LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 3rd quarter, Holdings Channel reports. The fund purchased 11,489 shares of the exchange traded fund’s stock, valued at approximately $571,000.

Several other large investors have also made changes to their positions in the company. Marks Group Wealth Management Inc lifted its stake in shares of iShares Gold Trust by 1.4% during the third quarter. Marks Group Wealth Management Inc now owns 34,529 shares of the exchange traded fund’s stock valued at $1,716,000 after acquiring an additional 474 shares during the period. Crescent Grove Advisors LLC increased its holdings in iShares Gold Trust by 2.2% in the third 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 last quarter. Austin Private Wealth LLC increased its holdings in iShares Gold Trust by 1.8% in the third quarter. Austin Private Wealth LLC now owns 28,590 shares of the exchange traded fund’s stock valued at $1,421,000 after purchasing an additional 511 shares during the last quarter. NorthRock Partners LLC bought a new stake in iShares Gold Trust in the third quarter valued at about $2,283,000. Finally, Central Bank & Trust Co. increased its holdings in iShares Gold Trust by 3.2% in the third quarter. Central Bank & Trust Co. now owns 14,027 shares of the exchange traded fund’s stock valued at $697,000 after purchasing an additional 429 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 3.0 %

NYSEARCA IAU opened at $50.23 on Thursday. The stock has a 50-day simple moving average of $49.78 and a 200 day simple moving average of $46.65. iShares Gold Trust has a 12 month low of $36.57 and a 12 month 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.