Walker Asset Management LLC Invests $200,000 in iShares Gold Trust (NYSEARCA:IAU)

Walker Asset Management LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,034 shares of the exchange traded fund’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also modified their holdings of IAU. Private Ocean LLC purchased a new stake in iShares Gold Trust during the 1st quarter valued at about $29,000. Global Trust Asset Management LLC grew its stake 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 valued at $31,000 after buying an additional 500 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $34,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock traded up $0.34 during mid-day trading on Thursday, hitting $51.63. The stock had a trading volume of 2,176,851 shares, compared to its average volume of 5,929,710. The firm has a 50-day moving average of $48.90 and a two-hundred day moving average of $46.16. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.92.

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.