Brighton Jones LLC Takes $1.86 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Brighton Jones LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 37,649 shares of the exchange traded fund’s stock, valued at approximately $1,864,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IAU. Archer Investment Corp raised its position in iShares Gold Trust by 813.8% during 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of iShares Gold Trust by 127.0% in the third 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 period. Global Trust Asset Management LLC raised its position in shares of iShares Gold Trust by 71.4% during 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 during the last quarter. Raleigh Capital Management Inc. raised its position in shares of iShares Gold Trust by 15,750.0% during 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 during the last quarter. Finally, McIlrath & Eck LLC lifted its stake in shares of iShares Gold Trust by 34.3% in 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 period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $52.31 on Friday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69. The company has a 50 day simple moving average of $50.09 and a two-hundred day simple moving average of $48.90.

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.