Nkcfo LLC Raises Position in iShares Gold Trust (NYSEARCA:IAU)

Nkcfo LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 49.3% during the 4th quarter, HoldingsChannel reports. The fund owned 229,200 shares of the exchange traded fund’s stock after buying an additional 75,650 shares during the period. iShares Gold Trust comprises 5.0% of Nkcfo LLC’s portfolio, making the stock its 6th biggest holding. Nkcfo LLC’s holdings in iShares Gold Trust were worth $11,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $27,000. Archer Investment Corp lifted its stake 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 worth $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners bought a new position in iShares Gold Trust in the 4th quarter valued at $33,000. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at $40,000. Finally, Valued Wealth Advisors LLC increased its holdings in shares of iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $54.46 on Friday. iShares Gold Trust has a 52-week low of $37.76 and a 52-week high of $55.29. The stock has a fifty day moving average of $51.28 and a 200 day moving average of $49.83.

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.