Integrated Investment Consultants LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 388.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,474 shares of the exchange traded fund’s stock after buying an additional 38,560 shares during the quarter. Integrated Investment Consultants LLC’s holdings in iShares Gold Trust were worth $2,409,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Archer Investment Corp boosted its position in iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Global Trust Asset Management LLC lifted its position in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust during the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new position in iShares Gold Trust in the 2nd quarter worth about $34,000. Finally, Pacifica Partners Inc. bought a new position in iShares Gold Trust in the 2nd quarter worth about $35,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
Shares of IAU stock opened at $50.02 on Thursday. iShares Gold Trust has a 12-month low of $37.40 and a 12-month high of $52.69. The business has a 50 day simple moving average of $50.21 and a 200 day simple moving average of $47.04.
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.
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