Certified Advisory Corp Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Certified Advisory Corp purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,210 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PFG Advisors raised its position in iShares Gold Trust by 3.7% during the fourth quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock valued at $818,000 after purchasing an additional 754 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of iShares Gold Trust by 203.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock worth $762,000 after buying an additional 13,101 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of iShares Gold Trust by 6.7% during the third quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock worth $3,482,000 after buying an additional 6,263 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of iShares Gold Trust during the fourth quarter worth $544,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of iShares Gold Trust by 10.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock worth $119,000 after buying an additional 282 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU traded down $0.46 during midday trading on Thursday, reaching $44.53. 1,579,810 shares of the company were exchanged, compared to its average volume of 6,799,154. The stock’s 50-day moving average price is $43.56 and its 200-day moving average price is $40.25. iShares Gold Trust has a one year low of $34.35 and a one year high of $46.08.

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.