Ellis Investment Partners LLC Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Ellis Investment Partners LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,357 shares of the exchange traded fund’s stock after buying an additional 257 shares during the period. Ellis Investment Partners LLC’s holdings in iShares Gold Trust were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $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 valued at $30,000 after buying an additional 529 shares in the last quarter. Financial Life Planners acquired a new stake in iShares Gold Trust in the 4th quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC raised its holdings in shares of 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 valued at $42,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $54.46 on Friday. The stock’s 50 day simple moving average is $51.28 and its 200-day simple moving average is $49.83. iShares Gold Trust has a 1-year low of $37.76 and a 1-year high of $55.29.

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.