Valmark Advisers Inc. grew its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 51.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,155 shares of the exchange traded fund’s stock after buying an additional 4,473 shares during the period. Valmark Advisers Inc.’s holdings in iShares Gold Trust were worth $654,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Global Trust Asset Management LLC boosted its position in iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth about $31,000. Opal Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter worth about $34,000. Pacifica Partners Inc. acquired a new position in iShares Gold Trust in the 2nd quarter valued at about $35,000. Finally, Chris Bulman Inc bought a new position in iShares Gold Trust in the 2nd quarter valued at about $43,000. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Stock Performance
Shares of NYSEARCA:IAU opened at $52.65 on Thursday. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $52.69. The business has a 50 day moving average of $49.38 and a 200-day moving average of $46.43.
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.
Further Reading
- Five stocks we like better than iShares Gold Trust
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- How to invest in marijuana stocks in 7 stepsĀ
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- What is a Bond Market Holiday? How to Invest and Trade
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.