Balboa Wealth Partners grew its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,594 shares of the exchange traded fund’s stock after acquiring an additional 489 shares during the period. Balboa Wealth Partners’ holdings in iShares Gold Trust were worth $377,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Global Trust Asset Management LLC boosted its position in shares of 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 buying an additional 500 shares during the period. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust during the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $34,000. Pacifica Partners Inc. bought a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $35,000. Finally, Chris Bulman Inc acquired a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $43,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
Shares of IAU opened at $48.37 on Friday. iShares Gold Trust has a 12 month low of $37.21 and a 12 month high of $52.69. The firm has a fifty day simple moving average of $50.05 and a 200 day simple moving average of $46.86.
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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