Global Wealth Strategies & Associates Boosts Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Global Wealth Strategies & Associates grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 133,502 shares of the exchange traded fund’s stock after buying an additional 5,033 shares during the period. iShares Gold Trust accounts for approximately 2.1% of Global Wealth Strategies & Associates’ holdings, making the stock its 12th biggest holding. Global Wealth Strategies & Associates’ holdings in iShares Gold Trust were worth $6,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Archer Investment Corp raised its holdings in 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. Chris Bulman Inc acquired a new stake in shares of iShares Gold Trust in the second quarter valued at about $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 635 shares in the last quarter. Global Trust Asset Management LLC increased its position in shares of 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 worth $60,000 after acquiring an additional 500 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its stake in shares of iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 341 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.2 %

IAU traded up $0.61 on Thursday, reaching $50.12. The company’s stock had a trading volume of 3,022,000 shares, compared to its average volume of 5,869,504. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69. The business’s 50 day moving average is $50.15 and its 200 day moving average is $48.19.

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.