Fairvoy Private Wealth LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,884 shares of the exchange traded fund’s stock, valued at approximately $440,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. 5th Street Advisors LLC lifted its holdings in shares of iShares Gold Trust by 50.4% in the 4th quarter. 5th Street Advisors LLC now owns 11,204 shares of the exchange traded fund’s stock valued at $555,000 after buying an additional 3,754 shares during the period. Ameliora Wealth Management Ltd. bought a new stake in iShares Gold Trust during the fourth quarter valued at $619,000. Tandem Financial LLC bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $107,000. Strategic Financial Concepts LLC acquired a new position in iShares Gold Trust during the fourth quarter worth about $442,000. Finally, Financial Advocates Investment Management increased its position in shares of iShares Gold Trust by 4.6% in the fourth quarter. Financial Advocates Investment Management now owns 72,981 shares of the exchange traded fund’s stock worth $3,613,000 after acquiring an additional 3,240 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
iShares Gold Trust stock opened at $53.89 on Friday. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $54.40. The firm’s fifty day simple moving average is $50.63 and its 200-day simple moving average is $49.38.
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.
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