Howard Financial Services LTD. Raises Stake in iShares Gold Trust (NYSEARCA:IAU)

Howard Financial Services LTD. boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,024 shares of the exchange traded fund’s stock after purchasing an additional 250 shares during the period. Howard Financial Services LTD.’s holdings in iShares Gold Trust were worth $397,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in IAU. Archer Investment Corp raised its stake in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 635 shares during the period. Global Trust Asset Management LLC lifted its holdings in iShares Gold Trust by 71.4% during the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 500 shares during the last quarter. McIlrath & Eck LLC boosted its position in iShares Gold Trust by 34.3% during the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of iShares Gold Trust by 158.7% in the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 887 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $50.99 on Friday. The company’s 50 day moving average is $49.87 and its 200-day moving average is $48.70. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69.

About iShares Gold Trust

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.