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.
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