Davis R M Inc. Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Davis R M Inc. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 5,004 shares of the exchange traded fund’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Archer Investment Corp grew its stake in 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 buying an additional 529 shares during the period. Global Trust Asset Management LLC lifted its holdings in shares of 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 acquiring an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust during the 2nd quarter valued at $31,000. Opal Wealth Advisors LLC purchased a new stake in iShares Gold Trust during the 2nd quarter worth $34,000. Finally, Pacifica Partners Inc. acquired a new stake in iShares Gold Trust in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $49.59 on Tuesday. iShares Gold Trust has a 12 month low of $37.40 and a 12 month high of $52.69. The stock’s 50-day moving average is $50.32 and its two-hundred day moving average is $47.20.

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.