Apollon Financial LLC Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Apollon Financial LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 53,310 shares of the exchange traded fund’s stock, valued at approximately $2,650,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. TCP Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 195 shares during the period. Baker Avenue Asset Management LP boosted its holdings in 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 purchasing an additional 215 shares during the last quarter. Howard Financial Services LTD. boosted its holdings in 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 purchasing an additional 220 shares during the last quarter. Avaii Wealth Management LLC boosted its holdings in 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 purchasing an additional 249 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $49.51 on Tuesday. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $52.69. The firm has a fifty day simple moving average of $49.92 and a 200 day simple moving average of $46.77.

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.