Ameliora Wealth Management Ltd. Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Ameliora Wealth Management Ltd. bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, HoldingsChannel.com reports. The firm bought 12,500 shares of the exchange traded fund’s stock, valued at approximately $619,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IAU. Archer Investment Corp lifted its stake 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 purchasing an additional 529 shares during the period. Financial Life Planners bought a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $33,000. Valued Wealth Advisors LLC boosted its stake in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 333 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in iShares Gold Trust in the 4th quarter valued at $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position 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 acquiring an additional 635 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $53.89 on Friday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $54.40. The firm has a 50-day moving average price of $50.63 and a 200 day moving average price of $49.38.

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.