Transcend Capital Advisors LLC Acquires 2,249 Shares of iShares Gold Trust (NYSEARCA:IAU)

Transcend Capital Advisors LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 21.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,844 shares of the exchange traded fund’s stock after acquiring an additional 2,249 shares during the period. Transcend Capital Advisors LLC’s holdings in iShares Gold Trust were worth $636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $27,000. Archer Investment Corp lifted its holdings in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares during the period. Financial Life Planners bought a new position in shares of iShares Gold Trust during the fourth quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new position in iShares Gold Trust during the 4th quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC lifted its holdings in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $55.39 on Friday. iShares Gold Trust has a 12-month low of $38.21 and a 12-month high of $55.60. The firm has a 50-day moving average price of $51.75 and a 200 day moving average price of $50.13.

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.