Tandem Financial LLC Purchases Shares of 2,155 iShares Gold Trust (NYSEARCA:IAU)

Tandem Financial LLC acquired a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,155 shares of the exchange traded fund’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC acquired a new position in iShares Gold Trust in the second quarter valued at approximately $683,000. Park Avenue Securities LLC increased its stake in shares of iShares Gold Trust by 16.5% in the 3rd quarter. Park Avenue Securities LLC now owns 10,286 shares of the exchange traded fund’s stock valued at $511,000 after acquiring an additional 1,459 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of iShares Gold Trust by 158.7% during 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. Diversified Trust Co boosted its stake in iShares Gold Trust by 17.4% during the third quarter. Diversified Trust Co now owns 6,506 shares of the exchange traded fund’s stock worth $323,000 after acquiring an additional 963 shares in the last quarter. Finally, Cypress Wealth Services LLC acquired a new stake in iShares Gold Trust in the third quarter worth $382,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.2 %

IAU opened at $53.89 on Friday. The company has a fifty day moving average price of $50.63 and a two-hundred day moving average price of $49.38. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $54.40.

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.