McClarren Financial Advisors Inc. Takes Position in iShares Gold Trust (NYSEARCA:IAU)

McClarren Financial Advisors Inc. acquired a new position in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,500 shares of the exchange traded fund’s stock, valued at approximately $74,000.

Several other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of iShares Gold Trust during the 3rd quarter worth $95,801,000. JPMorgan Chase & Co. lifted its stake in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after acquiring an additional 981,362 shares during the period. Park Avenue Securities LLC grew its holdings in iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after acquiring an additional 672,568 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after purchasing an additional 666,330 shares during the period. Finally, Parker Investment Management LLC bought a new stake in shares of iShares Gold Trust in the 3rd quarter valued at about $26,050,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.1 %

Shares of IAU opened at $54.75 on Thursday. The company has a 50 day moving average price of $50.98 and a 200-day moving average price of $49.66. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $54.94.

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.