Ellis Investment Partners LLC Buys 402 Shares of iShares Gold Trust (NYSEARCA:IAU)

Ellis Investment Partners LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,100 shares of the exchange traded fund’s stock after purchasing an additional 402 shares during the quarter. Ellis Investment Partners LLC’s holdings in iShares Gold Trust were worth $800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IAU. Private Ocean LLC purchased a new stake in shares of iShares Gold Trust in the first quarter worth about $29,000. Global Trust Asset Management LLC increased its stake in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust in the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust during the 2nd quarter worth approximately $34,000. Finally, Pacifica Partners Inc. bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at approximately $35,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.2 %

Shares of IAU stock traded up $0.12 on Friday, reaching $51.80. The company’s stock had a trading volume of 2,901,133 shares, compared to its average volume of 5,220,001. The stock’s fifty day simple moving average is $49.09 and its 200-day simple moving average is $46.25. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $51.92.

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.