PFG Investments LLC Acquires 2,014 Shares of iShares Gold Trust (NYSEARCA:IAU)

PFG Investments LLC increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 8.6% during the 4th quarter, Holdings Channel reports. The firm owned 25,437 shares of the exchange traded fund’s stock after purchasing an additional 2,014 shares during the quarter. PFG Investments LLC’s holdings in iShares Gold Trust were worth $1,259,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IAU. Archer Investment Corp boosted its holdings 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 worth $30,000 after purchasing an additional 529 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in iShares Gold Trust by 127.0% during 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 buying an additional 635 shares during the last quarter. Global Trust Asset Management LLC boosted its position in iShares Gold Trust by 71.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after buying an additional 500 shares during the period. Raleigh Capital Management Inc. grew its holdings in iShares Gold Trust by 15,750.0% in the 4th 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 during the last quarter. Finally, McIlrath & Eck LLC raised its stake in shares of 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 valued at $66,000 after acquiring an additional 341 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 1.1 %

Shares of IAU stock opened at $51.76 on Tuesday. The business’s 50 day moving average price is $50.17 and its 200-day moving average price is $49.01. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69.

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.