iShares Gold Trust (NYSEARCA:IAU) Stake Boosted by Wealthgate Family Office LLC

Wealthgate Family Office LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 87.6% in the third quarter, HoldingsChannel.com reports. The firm owned 23,097 shares of the exchange traded fund’s stock after acquiring an additional 10,785 shares during the period. iShares Gold Trust accounts for approximately 3.2% of Wealthgate Family Office LLC’s investment portfolio, making the stock its 8th biggest holding. Wealthgate Family Office LLC’s holdings in iShares Gold Trust were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of IAU. Archer Investment Corp boosted its holdings 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 worth $30,000 after buying an additional 529 shares during the period. Global Trust Asset Management LLC boosted its stake in shares of 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 period. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares Gold Trust during the second quarter worth about $31,000. Opal Wealth Advisors LLC bought a new stake in iShares Gold Trust during the 2nd quarter valued at approximately $34,000. Finally, Pacifica Partners Inc. purchased a new position in iShares Gold Trust in the 2nd quarter worth approximately $35,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.9 %

Shares of IAU opened at $49.74 on Wednesday. iShares Gold Trust has a 1 year low of $37.21 and a 1 year high of $52.69. The company has a 50 day simple moving average of $50.12 and a two-hundred day simple moving average of $46.98.

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.