Archford Capital Strategies LLC Invests $1.83 Million in iShares Gold Trust $IAU

Archford Capital Strategies LLC acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,166 shares of the exchange traded fund’s stock, valued at approximately $1,831,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sincerus Advisory LLC grew its position in shares of iShares Gold Trust by 2.8% during the 3rd quarter. Sincerus Advisory LLC now owns 5,184 shares of the exchange traded fund’s stock valued at $377,000 after purchasing an additional 143 shares in the last quarter. Regatta Capital Group LLC boosted its stake in iShares Gold Trust by 0.5% during the third quarter. Regatta Capital Group LLC now owns 27,161 shares of the exchange traded fund’s stock valued at $1,977,000 after buying an additional 145 shares during the period. Diversified Enterprises LLC grew its position in iShares Gold Trust by 4.6% during the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after buying an additional 163 shares in the last quarter. Red Mountain Financial LLC grew its position in iShares Gold Trust by 0.4% during the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after buying an additional 165 shares in the last quarter. Finally, New Hampshire Trust increased its stake in iShares Gold Trust by 4.2% in the 2nd quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock worth $267,000 after acquiring an additional 171 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Stock Up 1.2%

NYSEARCA:IAU opened at $85.34 on Monday. The stock has a market cap of $70.33 billion, a P/E ratio of 5.53 and a beta of 0.09. The business’s 50-day moving average price is $78.66 and its two-hundred day moving average price is $70.77. iShares Gold Trust has a twelve month low of $49.00 and a twelve month high of $85.69.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.