Archer Investment Management LLC Takes $1.03 Million Position in iShares Gold Trust $IAU

Archer Investment Management LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 12,645 shares of the exchange traded fund’s stock, valued at approximately $1,026,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ehrlich Financial Group grew its stake in iShares Gold Trust by 15.3% during the third quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock valued at $3,266,000 after acquiring an additional 5,943 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its stake in iShares Gold Trust by 63.6% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 55,530 shares of the exchange traded fund’s stock worth $4,041,000 after purchasing an additional 21,596 shares in the last quarter. First Horizon Corp purchased a new stake in iShares Gold Trust in the 3rd quarter worth approximately $1,863,000. Strategic Blueprint LLC boosted its holdings in iShares Gold Trust by 30.2% in the 3rd quarter. Strategic Blueprint LLC now owns 136,931 shares of the exchange traded fund’s stock valued at $9,964,000 after purchasing an additional 31,746 shares during the period. Finally, MA Private Wealth boosted its holdings in iShares Gold Trust by 10.3% in the 3rd quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock valued at $11,480,000 after purchasing an additional 14,705 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU opened at $82.76 on Wednesday. The firm has a market capitalization of $69.88 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a one year low of $55.78 and a one year high of $104.40. The company has a fifty day moving average price of $93.51 and a 200-day moving average price of $83.01.

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iShares Gold Trust Company 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).

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

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