Flagstar Advisors Inc. Acquires 6,839 Shares of iShares Gold Trust (NYSEARCA:IAU)

Flagstar Advisors Inc. increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,488 shares of the exchange traded fund’s stock after purchasing an additional 6,839 shares during the quarter. iShares Gold Trust makes up 1.3% of Flagstar Advisors Inc.’s investment portfolio, making the stock its 23rd biggest holding. Flagstar Advisors Inc.’s holdings in iShares Gold Trust were worth $5,074,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Strategic Financial Concepts LLC acquired a new position in iShares Gold Trust in the fourth quarter valued at $442,000. Sanchez Wealth Management Group acquired a new position in iShares Gold Trust in the fourth quarter valued at $228,000. JPMorgan Chase & Co. lifted its holdings in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the period. Independent Family Office LLC lifted its holdings in iShares Gold Trust by 4.1% in the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after buying an additional 16,827 shares during the period. Finally, Silverleafe Capital Partners LLC lifted its holdings in iShares Gold Trust by 0.4% in the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after buying an additional 689 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $55.37 on Wednesday. The company’s fifty day simple moving average is $51.37 and its 200 day simple moving average is $49.92. iShares Gold Trust has a 12-month low of $38.21 and a 12-month high of $55.44.

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.