Scarborough Advisors LLC Invests $1.76 Million in iShares Gold Trust (NYSEARCA:IAU)

Scarborough Advisors LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 35,637 shares of the exchange traded fund’s stock, valued at approximately $1,764,000.

Other large investors have also modified their holdings of the company. TCP Asset Management LLC lifted its position in shares of iShares Gold Trust by 3.0% during the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after purchasing an additional 195 shares during the last quarter. Quadrant Private Wealth Management LLC lifted its position in shares of iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 195 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in shares of iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 212 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in shares of iShares Gold Trust by 2.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 215 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $54.46 on Friday. The stock has a 50-day simple moving average of $51.19 and a 200 day simple moving average of $49.74. iShares Gold Trust has a twelve month low of $37.76 and a twelve month high of $55.29.

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.