Harvest Fund Management Co. Ltd raised its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 22.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 113,654 shares of the exchange traded fund’s stock after buying an additional 21,070 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in iShares Gold Trust were worth $5,647,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Archer Investment Corp grew its stake in shares of 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 during the last quarter. Global Trust Asset Management LLC boosted its position in 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 last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $31,000. Opal Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the second quarter worth $34,000. Finally, Pacifica Partners Inc. acquired a new position in shares of iShares Gold Trust during the second quarter valued at $35,000. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Trading Up 1.3 %
Shares of IAU stock opened at $51.08 on Monday. iShares Gold Trust has a 12 month low of $37.40 and a 12 month high of $52.69. The stock has a 50-day moving average price of $50.30 and a 200 day moving average price of $47.16.
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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