Ellis Investment Partners LLC Purchases 964 Shares of iShares Gold Trust (NYSEARCA:IAU)

Ellis Investment Partners LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 6.5% during the second quarter, HoldingsChannel reports. The firm owned 15,698 shares of the exchange traded fund’s stock after buying an additional 964 shares during the period. Ellis Investment Partners LLC’s holdings in iShares Gold Trust were worth $690,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IAU. Financial Sense Advisors Inc. raised its position in iShares Gold Trust by 0.4% in the first quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after acquiring an additional 230 shares during the period. Pettinga Financial Advisors LLC grew its stake in shares of iShares Gold Trust by 2.5% during the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after acquiring an additional 245 shares during the last quarter. Spire Wealth Management grew its position in iShares Gold Trust by 1.2% during the 1st quarter. Spire Wealth Management now owns 21,289 shares of the exchange traded fund’s stock worth $894,000 after purchasing an additional 257 shares during the period. EP Wealth Advisors LLC raised its stake in shares of iShares Gold Trust by 1.4% during the 1st quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after buying an additional 262 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in shares of iShares Gold Trust by 2.0% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock worth $541,000 after purchasing an additional 277 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU traded down $0.36 during trading on Friday, hitting $47.15. The stock had a trading volume of 5,270,668 shares, compared to its average volume of 6,154,335. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $47.83. The firm has a 50 day moving average price of $46.08 and a 200 day moving average price of $44.09.

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.