GM Advisory Group LLC Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

GM Advisory Group LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,014,927 shares of the exchange traded fund’s stock after acquiring an additional 4,889 shares during the period. iShares Gold Trust makes up about 6.0% of GM Advisory Group LLC’s portfolio, making the stock its 2nd biggest holding. GM Advisory Group LLC’s holdings in iShares Gold Trust were worth $100,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Archer Investment Corp boosted its position in shares of iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 529 shares in the last quarter. Global Trust Asset Management LLC increased its stake in shares of iShares Gold Trust by 250.0% in the 2nd 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 last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth $31,000. Opal Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth $34,000. Finally, Pacifica Partners Inc. bought a new stake in shares of iShares Gold Trust during the 2nd quarter worth $35,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.8 %

iShares Gold Trust stock opened at $50.44 on Friday. iShares Gold Trust has a 12-month low of $37.40 and a 12-month high of $52.69. The business’s 50-day moving average price is $50.26 and its two-hundred day moving average price is $47.07.

About iShares Gold Trust

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.