BlueChip Wealth Advisors LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

BlueChip Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 5,602 shares of the exchange traded fund’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PFG Advisors raised its holdings in iShares Gold Trust by 3.7% during the 4th quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock worth $818,000 after buying an additional 754 shares during the period. Kingswood Wealth Advisors LLC grew its stake in iShares Gold Trust by 203.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after acquiring an additional 13,101 shares in the last quarter. Hsbc Holdings PLC grew its stake in iShares Gold Trust by 6.7% during the 3rd quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock valued at $3,482,000 after acquiring an additional 6,263 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in iShares Gold Trust during the 4th quarter valued at about $544,000. Finally, Geneos Wealth Management Inc. grew its stake in iShares Gold Trust by 10.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.5 %

NYSEARCA:IAU traded down $0.23 on Monday, hitting $43.85. 3,550,592 shares of the company’s stock traded hands, compared to its average volume of 6,558,115. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $46.08. The firm has a 50-day moving average price of $44.32 and a 200-day moving average price of $41.09.

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.