5th Street Advisors LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

5th Street Advisors LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,450 shares of the exchange traded fund’s stock, valued at approximately $370,000. iShares Gold Trust comprises about 0.2% of 5th Street Advisors LLC’s portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in IAU. Global Trust Asset Management LLC lifted its holdings in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Gold Trust in the second quarter valued at about $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust in the second quarter worth about $34,000. Pacifica Partners Inc. acquired a new position in iShares Gold Trust during the second quarter worth about $35,000. Finally, Chris Bulman Inc purchased a new stake in iShares Gold Trust during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.7 %

IAU stock opened at $50.70 on Friday. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $52.69. The firm has a 50-day moving average of $49.92 and a two-hundred day moving average of $46.73.

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.