Essex Financial Services Inc. Grows Stake in iShares Gold Trust (NYSEARCA:IAU)

Essex Financial Services Inc. increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,512 shares of the exchange traded fund’s stock after purchasing an additional 1,021 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares Gold Trust were worth $768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new position in iShares Gold Trust in the fourth quarter valued at $27,000. Archer Investment Corp boosted its position in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC increased its position in iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU opened at $54.75 on Thursday. The company’s 50 day simple moving average is $50.98 and its 200-day simple moving average is $49.66. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $54.94.

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.