Towerpoint Wealth LLC Has $2.88 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Towerpoint Wealth LLC reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,204 shares of the exchange traded fund’s stock after selling 1,384 shares during the quarter. iShares Gold Trust makes up about 1.4% of Towerpoint Wealth LLC’s portfolio, making the stock its 19th biggest holding. Towerpoint Wealth LLC’s holdings in iShares Gold Trust were worth $2,882,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Archer Investment Corp boosted its position in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of iShares Gold Trust by 127.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 635 shares during the period. Global Trust Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 71.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 500 shares during the period. McIlrath & Eck LLC grew its stake in iShares Gold Trust by 34.3% in the 3rd quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after buying an additional 341 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in iShares Gold Trust by 158.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 887 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.7 %

Shares of NYSEARCA:IAU traded up $0.35 during trading on Thursday, reaching $51.26. 480,284 shares of the stock were exchanged, compared to its average volume of 4,450,372. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69. The stock has a 50-day moving average price of $49.85 and a 200-day moving average price of $48.62.

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.