Claro Advisors LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Claro Advisors LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,827 shares of the exchange traded fund’s stock, valued at approximately $734,000.

Other hedge funds also recently bought and sold shares of the company. Archer Investment Corp increased its position in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 635 shares in the last quarter. Global Trust Asset Management LLC increased its position in iShares Gold Trust by 71.4% during the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 500 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of iShares Gold Trust by 32.9% during the second quarter. Zions Bancorporation N.A. now owns 1,442 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 357 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in shares of iShares Gold Trust by 34.3% during the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $50.25 on Tuesday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69. The stock’s fifty day simple moving average is $49.87 and its 200-day simple moving average is $48.57.

iShares Gold Trust Company 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.