Archer Investment Corp Purchases 529 Shares of iShares Gold Trust (NYSEARCA:IAU)

Archer Investment Corp boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 813.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 594 shares of the exchange traded fund’s stock after acquiring an additional 529 shares during the quarter. Archer Investment Corp’s holdings in iShares Gold Trust were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCP Asset Management LLC increased its stake in iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 195 shares during the period. Baker Avenue Asset Management LP lifted its holdings in shares of iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares during the period. Howard Financial Services LTD. grew its position in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after buying an additional 220 shares in the last quarter. Avaii Wealth Management LLC increased its stake in shares of iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after buying an additional 249 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after acquiring an additional 262 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.2 %

Shares of iShares Gold Trust stock opened at $48.37 on Friday. iShares Gold Trust has a 1 year low of $37.21 and a 1 year high of $52.69. The firm’s 50-day moving average is $50.08 and its two-hundred day moving average is $46.89.

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.