iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Modera Wealth Management LLC

Modera Wealth Management LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,124 shares of the exchange traded fund’s stock after purchasing an additional 942 shares during the quarter. Modera Wealth Management LLC’s holdings in iShares Gold Trust were worth $3,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC increased 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 worth $31,000 after buying an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in iShares Gold Trust in the second quarter worth approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in iShares Gold Trust during the second quarter worth $34,000. Pacifica Partners Inc. purchased a new stake in iShares Gold Trust in the second quarter valued at $35,000. Finally, Chris Bulman Inc acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at $43,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $51.80 on Monday. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.92. The business has a 50-day moving average price of $49.09 and a 200 day moving average price of $46.26.

iShares Gold Trust 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.