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

TruWealth Advisors LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,067 shares of the exchange traded fund’s stock, valued at approximately $202,000.

Other large investors have also recently made changes to their positions in the company. Private Ocean LLC bought a new stake in iShares Gold Trust during the 1st quarter valued at about $29,000. Global Trust Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. bought a new position in iShares Gold Trust in the second quarter worth approximately $31,000. Opal Wealth Advisors LLC purchased a new position in iShares Gold Trust during the 2nd quarter worth $34,000. Finally, Pacifica Partners Inc. purchased a new position in iShares Gold Trust during the 2nd quarter worth $35,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.6 %

Shares of IAU stock opened at $50.83 on Friday. iShares Gold Trust has a twelve month low of $36.57 and a twelve month high of $50.92. The stock has a fifty day simple moving average of $48.49 and a two-hundred day simple moving average of $45.91.

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.