Leavell Investment Management Inc. Increases Position in iShares Gold Trust (NYSEARCA:IAU)

Leavell Investment Management Inc. lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 203,301 shares of the exchange traded fund’s stock after buying an additional 6,447 shares during the quarter. Leavell Investment Management Inc.’s holdings in iShares Gold Trust were worth $10,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $27,000. Archer Investment Corp lifted its stake in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the period. Financial Life Planners purchased a new position in iShares Gold Trust during the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC raised its stake in iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.3 %

NYSEARCA:IAU opened at $54.69 on Wednesday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $54.94. The firm’s 50 day moving average is $50.88 and its two-hundred day moving average is $49.60.

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.