Nadler Financial Group Inc. Raises Position in iShares Gold Trust (NYSEARCA:IAU)

Nadler Financial Group Inc. grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.4% during the second quarter, HoldingsChannel reports. The firm owned 56,639 shares of the exchange traded fund’s stock after purchasing an additional 5,327 shares during the quarter. Nadler Financial Group Inc.’s holdings in iShares Gold Trust were worth $2,488,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Financial Sense Advisors Inc. lifted its stake in shares of iShares Gold Trust by 0.4% during the 1st quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after purchasing an additional 230 shares during the period. Pettinga Financial Advisors LLC lifted its stake in shares of iShares Gold Trust by 2.5% during the 1st quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after purchasing an additional 245 shares during the period. Spire Wealth Management lifted its stake in shares of iShares Gold Trust by 1.2% during the 1st quarter. Spire Wealth Management now owns 21,289 shares of the exchange traded fund’s stock worth $894,000 after purchasing an additional 257 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of iShares Gold Trust by 1.4% during the 1st quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after purchasing an additional 262 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of iShares Gold Trust by 2.0% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock worth $541,000 after purchasing an additional 277 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.3 %

Shares of IAU stock traded up $0.16 on Tuesday, reaching $47.51. 4,807,381 shares of the stock were exchanged, compared to its average volume of 6,329,243. The firm has a 50 day moving average of $45.11 and a two-hundred day moving average of $43.23. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $47.83.

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.