Ellis Investment Partners LLC Buys 964 Shares of iShares Gold Trust (NYSEARCA:IAU)

Ellis Investment Partners LLC boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,698 shares of the exchange traded fund’s stock after purchasing an additional 964 shares during the period. Ellis Investment Partners LLC’s holdings in iShares Gold Trust were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Private Ocean LLC purchased a new stake in shares of iShares Gold Trust in the 1st quarter valued at $29,000. Global Trust Asset Management LLC boosted its position in shares of iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in iShares Gold Trust in the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at approximately $34,000. Finally, Pingora Partners LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.8 %

NYSEARCA IAU traded down $0.36 on Friday, hitting $47.15. 5,270,668 shares of the stock were exchanged, compared to its average volume of 6,154,335. The company’s 50-day moving average price is $46.08 and its two-hundred day moving average price is $44.09. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $47.83.

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.