BCU Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,850 shares of the exchange traded fund’s stock, valued at approximately $290,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Compass Financial Services Inc bought a new position in iShares Gold Trust during the fourth quarter worth $27,000. Archer Investment Corp raised 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 worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners bought a new position in shares of iShares Gold Trust in the 4th quarter worth about $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC grew its position 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 valued at $42,000 after buying 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 NYSEARCA IAU opened at $54.46 on Friday. The firm’s 50-day moving average price is $51.19 and its two-hundred day moving average price is $49.74. iShares Gold Trust has a 52-week low of $37.76 and a 52-week high of $55.29.
iShares Gold Trust Company 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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