Archer Investment Corp Purchases 529 Shares of iShares Gold Trust (NYSEARCA:IAU)

Archer Investment Corp increased its position in iShares Gold Trust (NYSEARCA:IAU) by 813.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 594 shares of the exchange traded fund’s stock after buying an additional 529 shares during the period. Archer Investment Corp’s holdings in iShares Gold Trust were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. TCP Asset Management LLC lifted its stake in iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after purchasing an additional 195 shares in the last quarter. Baker Avenue Asset Management LP boosted its stake 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 valued at $374,000 after buying an additional 215 shares during the last quarter. Howard Financial Services LTD. grew its holdings in iShares Gold Trust by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after buying an additional 220 shares in the last quarter. Avaii Wealth Management LLC increased its stake in iShares Gold Trust by 1.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after acquiring an additional 249 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust by 1.4% during the 1st quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after acquiring an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $48.37 on Friday. The firm has a fifty day moving average price of $50.08 and a 200 day moving average price of $46.89. iShares Gold Trust has a fifty-two week low of $37.21 and a fifty-two week high of $52.69.

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.