Financial Advocates Investment Management Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Financial Advocates Investment Management grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,981 shares of the exchange traded fund’s stock after buying an additional 3,240 shares during the period. Financial Advocates Investment Management’s holdings in iShares Gold Trust were worth $3,613,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Archer Investment Corp increased 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 worth $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners purchased a new position in iShares Gold Trust in the 4th quarter valued at about $33,000. Valued Wealth Advisors LLC boosted its stake in shares of 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 worth $42,000 after purchasing an additional 333 shares during the last quarter. Independence Bank of Kentucky purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares Gold Trust by 127.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $54.02 on Thursday. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $54.40. The company’s 50 day simple moving average is $50.54 and its 200 day simple moving average is $49.34.

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.