4,067 Shares in iShares Gold Trust (NYSEARCA:IAU) Acquired by TruWealth Advisors LLC

TruWealth Advisors LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the third quarter, HoldingsChannel.com reports. The firm bought 4,067 shares of the exchange traded fund’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Ocean LLC bought a new stake in iShares Gold Trust during the first quarter valued at about $29,000. Global Trust Asset Management LLC grew its position in shares of iShares Gold Trust by 250.0% in 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. bought a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC purchased a new stake in iShares Gold Trust during the second quarter valued at approximately $34,000. Finally, Pacifica Partners Inc. acquired a new stake in iShares Gold Trust in the second quarter valued at approximately $35,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

Shares of IAU stock opened at $50.83 on Friday. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $50.92. The business’s fifty day simple moving average is $48.49 and its 200-day simple moving average is $45.91.

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.