Advisor Resource Council Makes New $1.79 Million Investment in iShares Gold Trust (NYSEARCA:IAU)

Advisor Resource Council bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 45,934 shares of the exchange traded fund’s stock, valued at approximately $1,793,000.

A number of other hedge funds also recently bought and sold shares of the stock. Fortitude Family Office LLC purchased a new stake in iShares Gold Trust during the fourth quarter worth $214,000. Chemistry Wealth Management LLC lifted its holdings in shares of iShares Gold Trust by 0.7% during the 4th quarter. Chemistry Wealth Management LLC now owns 284,536 shares of the exchange traded fund’s stock valued at $11,105,000 after purchasing an additional 1,945 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in shares of iShares Gold Trust by 2.1% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 317,362 shares of the exchange traded fund’s stock valued at $12,387,000 after purchasing an additional 6,487 shares during the last quarter. Chapin Davis Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at $214,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at $260,000. Hedge funds and other institutional investors own 58.45% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU traded down $0.34 during midday trading on Friday, hitting $40.93. 5,018,541 shares of the company’s stock traded hands, compared to its average volume of 5,447,772. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $41.66. The firm’s fifty day moving average is $39.10 and its 200-day moving average is $37.94.

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.