Sharp Financial Services LLC Grows Holdings in iShares Gold Trust (NYSEARCA:IAU)

Sharp Financial Services LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 13.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,938 shares of the exchange traded fund’s stock after acquiring an additional 2,669 shares during the quarter. iShares Gold Trust makes up about 0.8% of Sharp Financial Services LLC’s holdings, making the stock its 21st biggest holding. Sharp Financial Services LLC’s holdings in iShares Gold Trust were worth $1,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Archer Investment Corp increased its stake in iShares Gold Trust by 813.8% in 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 period. Thurston Springer Miller Herd & Titak Inc. increased its stake in iShares Gold Trust by 127.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 635 shares during the period. Global Trust Asset Management LLC increased its stake in iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 500 shares during the period. McIlrath & Eck LLC increased its stake in iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares during the period. Finally, GAMMA Investing LLC increased its stake in iShares Gold Trust by 158.7% in the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 887 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.5 %

IAU stock opened at $52.03 on Thursday. The business’s fifty day simple moving average is $49.95 and its two-hundred day simple moving average is $48.86. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69.

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.