Great Valley Advisor Group Inc. Raises Stake in iShares Gold Trust (NYSEARCA:IAU)

Great Valley Advisor Group Inc. boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,135 shares of the exchange traded fund’s stock after buying an additional 7,558 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in iShares Gold Trust were worth $3,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Archer Investment Corp raised its holdings 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 worth $30,000 after purchasing an additional 529 shares during the last quarter. Global Trust Asset Management LLC raised its stake in shares of iShares Gold Trust by 250.0% during 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. purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $34,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of iShares Gold Trust in the second quarter worth about $35,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.3 %

iShares Gold Trust stock opened at $51.08 on Monday. iShares Gold Trust has a 52 week low of $37.40 and a 52 week high of $52.69. The business’s 50-day moving average price is $50.30 and its 200 day moving average price is $47.16.

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.