Gimbal Financial Buys 34,730 Shares of iShares Gold Trust (NYSEARCA:IAU)

Gimbal Financial increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 11.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 343,344 shares of the exchange traded fund’s stock after purchasing an additional 34,730 shares during the period. iShares Gold Trust makes up 11.5% of Gimbal Financial’s holdings, making the stock its 3rd biggest holding. Gimbal Financial’s holdings in iShares Gold Trust were worth $17,744,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global Trust Asset Management LLC boosted its stake in shares of 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 buying an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in iShares Gold Trust in the 2nd quarter valued at $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $34,000. Pacifica Partners Inc. purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $35,000. Finally, Chris Bulman Inc purchased a new stake in iShares Gold Trust during the 2nd quarter valued at about $43,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

IAU stock traded up $0.08 during trading on Wednesday, reaching $52.44. The company had a trading volume of 934,072 shares, compared to its average volume of 5,905,011. The business has a 50 day moving average of $49.28 and a 200 day moving average of $46.38. iShares Gold Trust has a 52 week low of $36.57 and a 52 week high of $52.50.

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.