MONECO Advisors LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,861 shares of the exchange traded fund’s stock after purchasing an additional 436 shares during the quarter. MONECO Advisors LLC’s holdings in iShares Gold Trust were worth $686,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in iShares Gold Trust in the 4th quarter worth approximately $27,000. Archer Investment Corp raised 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 valued at $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners purchased a new position in shares of iShares Gold Trust in the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust in the 4th quarter worth about $40,000. Finally, Valued Wealth Advisors LLC lifted its holdings in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Trading Down 0.1 %
IAU opened at $55.39 on Monday. iShares Gold Trust has a 12 month low of $38.21 and a 12 month high of $55.60. The stock has a 50-day moving average of $51.75 and a 200 day moving average of $50.20.
About iShares Gold Trust
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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