5,623 Shares in iShares Gold Trust (NYSEARCA:IAU) Bought by Genesis Private Wealth LLC

Genesis Private Wealth LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,623 shares of the exchange traded fund’s stock, valued at approximately $278,000.

Several other hedge funds also recently made changes to their positions in the company. Archer Investment Corp boosted its position in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in iShares Gold Trust by 127.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 635 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 500 shares during the period. McIlrath & Eck LLC grew its position 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 acquiring an additional 341 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of iShares Gold Trust by 158.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 887 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.5 %

Shares of NYSEARCA:IAU opened at $51.75 on Wednesday. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $52.69. The firm has a fifty day moving average price of $49.90 and a 200 day moving average price of $48.81.

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.