60,843 Shares in iShares Gold Trust (NYSEARCA:IAU) Bought by Wealthstar Advisors LLC

Wealthstar Advisors LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 60,843 shares of the exchange traded fund’s stock, valued at approximately $3,012,000. iShares Gold Trust accounts for about 1.3% of Wealthstar Advisors LLC’s portfolio, making the stock its 11th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Focused Wealth Management Inc acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at $213,000. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth about $27,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth about $40,000. Kestra Private Wealth Services LLC raised its position in shares of iShares Gold Trust by 2.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 151,396 shares of the exchange traded fund’s stock valued at $7,496,000 after buying an additional 3,292 shares during the last quarter. Finally, Quotient Wealth Partners LLC raised its position in shares of iShares Gold Trust by 30.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 6,100 shares of the exchange traded fund’s stock valued at $302,000 after buying an additional 1,416 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $53.97 on Monday. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $54.48. The firm’s 50 day moving average price is $50.78 and its 200 day moving average price is $49.49.

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.