Vance Wealth Inc. Invests $223,000 in iShares Gold Trust (NYSEARCA:IAU)

Vance Wealth Inc. purchased a new position in iShares Gold Trust (NYSEARCA:IAU) during the third quarter, Holdings Channel.com reports. The firm purchased 4,480 shares of the exchange traded fund’s stock, valued at approximately $223,000.

Other hedge funds have also modified their holdings of the company. TCP Asset Management LLC increased its holdings in shares of iShares Gold Trust by 3.0% during the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 195 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of iShares Gold Trust by 2.9% during the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares in the last quarter. Howard Financial Services LTD. increased its holdings in shares of iShares Gold Trust by 2.9% during the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after buying an additional 220 shares in the last quarter. Avaii Wealth Management LLC increased its holdings in shares of iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after buying an additional 249 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of iShares Gold Trust by 1.4% during the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after buying an additional 262 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.9 %

NYSEARCA IAU opened at $49.29 on Tuesday. The company has a 50 day moving average of $50.12 and a 200-day moving average of $46.98. iShares Gold Trust has a 1-year low of $37.21 and a 1-year high of $52.69.

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.