Sharkey Howes & Javer Purchases New Position in iShares Gold Trust (NYSEARCA:IAU)

Sharkey Howes & Javer purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 62,042 shares of the exchange traded fund’s stock, valued at approximately $3,072,000.

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

iShares Gold Trust Trading Down 0.6 %

NYSEARCA IAU opened at $53.87 on Friday. The firm has a market capitalization of $36.56 billion, a P/E ratio of -33.32 and a beta of 0.20. The business has a fifty day simple moving average of $52.27 and a 200 day simple moving average of $50.47. iShares Gold Trust has a 12 month low of $38.65 and a 12 month high of $55.70.

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.