Apollon Financial LLC Purchases Shares of 53,310 iShares Gold Trust (NYSEARCA:IAU)

Apollon Financial LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the third quarter, HoldingsChannel reports. The institutional investor purchased 53,310 shares of the exchange traded fund’s stock, valued at approximately $2,650,000.

A number of other large investors have also recently added to or reduced their stakes in IAU. Global Trust Asset Management LLC lifted its stake in iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in iShares Gold Trust in the second quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new stake in iShares Gold Trust in the second quarter valued at $34,000. Pacifica Partners Inc. bought a new position in shares of iShares Gold Trust in the second quarter valued at about $35,000. Finally, Chris Bulman Inc bought a new position in shares of iShares Gold Trust in the second quarter valued at about $43,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $49.51 on Tuesday. The company’s 50-day moving average is $49.92 and its 200-day moving average is $46.77. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $52.69.

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.