CFS Investment Advisory Services LLC Makes New $202,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

CFS Investment Advisory Services LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,070 shares of the exchange traded fund’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Archer Investment Corp lifted its position in iShares Gold Trust by 813.8% during the third 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 last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 635 shares during the last quarter. Global Trust Asset Management LLC grew its position in iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after acquiring an additional 500 shares in the last quarter. Raleigh Capital Management Inc. grew its position in iShares Gold Trust by 15,750.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock worth $63,000 after acquiring an additional 1,260 shares in the last quarter. Finally, McIlrath & Eck LLC increased its stake in iShares Gold Trust by 34.3% during the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 341 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.6 %

NYSEARCA:IAU opened at $52.31 on Friday. The business has a 50 day simple moving average of $50.17 and a 200-day simple moving average of $48.95. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69.

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.