Nadler Financial Group Inc. Acquires 600 Shares of iShares Gold Trust (NYSEARCA:IAU)

Nadler Financial Group Inc. raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,239 shares of the exchange traded fund’s stock after buying an additional 600 shares during the quarter. Nadler Financial Group Inc.’s holdings in iShares Gold Trust were worth $2,845,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Global Trust Asset Management LLC boosted its holdings in iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Gold Trust during the second quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new position in iShares Gold Trust in the second quarter worth about $34,000. Pacifica Partners Inc. purchased a new stake in iShares Gold Trust in the second quarter worth about $35,000. Finally, Chris Bulman Inc bought a new stake in iShares Gold Trust during the 2nd quarter valued at approximately $43,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.5 %

Shares of NYSEARCA:IAU traded up $0.26 during trading on Friday, hitting $52.10. The stock had a trading volume of 509,304 shares, compared to its average volume of 5,916,896. The firm’s fifty day moving average is $49.48 and its 200 day moving average is $46.46. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $52.69.

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.