Econ Financial Services Corp Buys New Shares in iShares Gold Trust (NYSEARCA:IAU)

Econ Financial Services Corp purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,823 shares of the exchange traded fund’s stock, valued at approximately $1,925,000. iShares Gold Trust accounts for 1.2% of Econ Financial Services Corp’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds also recently bought and sold shares of the stock. ORG Partners LLC acquired a new stake in iShares Gold Trust during the fourth quarter worth approximately $28,000. Private Ocean LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter valued at $29,000. Pingora Partners LLC acquired a new stake in iShares Gold Trust during the 4th quarter worth $31,000. Signature Resources Capital Management LLC purchased a new stake in iShares Gold Trust in the fourth quarter valued at $32,000. Finally, YHB Investment Advisors Inc. acquired a new position in iShares Gold Trust in the first quarter valued at $33,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.1 %

Shares of IAU traded down $0.05 during midday trading on Monday, reaching $45.03. 4,749,627 shares of the stock were exchanged, compared to its average volume of 6,081,812. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $46.93. The business’s 50-day moving average price is $44.57 and its 200 day moving average price is $42.41.

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.