First Merchants Corp Acquires 600 Shares of iShares Gold Trust (NYSEARCA:IAU)

First Merchants Corp lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,830 shares of the exchange traded fund’s stock after acquiring an additional 600 shares during the quarter. First Merchants Corp’s holdings in iShares Gold Trust were worth $388,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at $27,000. Archer Investment Corp grew its position 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 buying an additional 529 shares during the period. Financial Life Planners purchased a new stake in iShares Gold Trust during the fourth quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust in the fourth quarter worth about $40,000. Finally, Valued Wealth Advisors LLC boosted its stake in iShares Gold Trust by 65.7% in the fourth 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 institutional investors.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $54.46 on Friday. The firm has a 50 day moving average price of $51.19 and a 200-day moving average price of $49.74. iShares Gold Trust has a twelve month low of $37.76 and a twelve month high of $55.29.

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.