Albion Financial Group UT Buys New Stake in iShares Gold Trust (NYSEARCA:IAU)

by · The Cerbat Gem

Albion Financial Group UT bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,815 shares of the exchange traded fund’s stock, valued at approximately $90,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aspect Partners LLC purchased a new stake in iShares Gold Trust during the 4th quarter worth $2,078,000. Hobbs Group Advisors LLC purchased a new stake in iShares Gold Trust during the 4th quarter worth $745,000. Voisard Asset Management Group Inc. purchased a new stake in iShares Gold Trust during the 4th quarter worth $40,000. Novak & Powell Financial Services Inc. purchased a new stake in iShares Gold Trust during the 4th quarter worth $1,536,000. Finally, Garde Capital Inc. increased its stake in iShares Gold Trust by 14.1% during the 4th quarter. Garde Capital Inc. now owns 26,029 shares of the exchange traded fund’s stock worth $1,016,000 after buying an additional 3,209 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.0 %

iShares Gold Trust stock opened at $50.16 on Friday. iShares Gold Trust has a 12-month low of $35.36 and a 12-month high of $50.57. The firm’s fifty day moving average price is $48.00 and its 200 day moving average price is $45.60.

About iShares Gold Trust

(Free Report)

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.

Further Reading