117,380 Shares in iShares Gold Trust (NYSEARCA:IAU) Bought by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 117,380 shares of the exchange traded fund’s stock, valued at approximately $5,811,000. iShares Gold Trust accounts for about 4.4% of Sage Private Wealth Group LLC’s portfolio, making the stock its 6th biggest holding.

A number of other hedge funds have also modified their holdings of IAU. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust during the fourth quarter worth $27,000. Archer Investment Corp grew 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 period. Financial Life Planners purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at about $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.3 %

iShares Gold Trust stock opened at $54.69 on Wednesday. The business’s 50-day moving average price is $50.88 and its 200 day moving average price is $49.60. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $54.94.

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.