Parker Investment Management LLC Buys Shares of 524,135 iShares Gold Trust (NYSEARCA:IAU)

Parker Investment Management LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 524,135 shares of the exchange traded fund’s stock, valued at approximately $26,050,000. iShares Gold Trust comprises 4.1% of Parker Investment Management LLC’s portfolio, making the stock its 10th biggest position. Parker Investment Management LLC owned approximately 0.08% of iShares Gold Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IAU. Archer Investment Corp raised its stake 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. Global Trust Asset Management LLC lifted its holdings in iShares Gold Trust by 250.0% during 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. bought a new position in iShares Gold Trust during the second quarter worth $31,000. Opal Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust in the second quarter valued at $34,000. Finally, Pacifica Partners Inc. acquired a new position in shares of iShares Gold Trust in the second quarter valued at $35,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $49.89 on Wednesday. iShares Gold Trust has a 12-month low of $37.40 and a 12-month high of $52.69. The firm has a 50 day moving average price of $50.40 and a two-hundred day moving average price of $47.41.

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.