iShares Gold Trust (NYSEARCA:IAU) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,389 shares of the exchange traded fund’s stock after acquiring an additional 38,982 shares during the period. Summit Trail Advisors LLC’s holdings in iShares Gold Trust were worth $9,114,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IAU. Archer Investment Corp raised its holdings in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Global Trust Asset Management LLC lifted its holdings in iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Gold Trust during the second quarter valued at approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth approximately $34,000. Finally, Pacifica Partners Inc. bought a new stake in shares of iShares Gold Trust in the 2nd quarter worth approximately $35,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 1.3 %

Shares of NYSEARCA IAU opened at $51.08 on Friday. iShares Gold Trust has a 1-year low of $37.40 and a 1-year high of $52.69. The business’s fifty day moving average price is $50.30 and its two-hundred day moving average price is $47.14.

iShares Gold Trust 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.