MEMBERS Trust Co purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,754 shares of the exchange traded fund’s stock, valued at approximately $193,000.
Several other large investors also recently added to or reduced their stakes in IAU. FMR LLC boosted its holdings in iShares Gold Trust by 610.0% in the first quarter. FMR LLC now owns 1,752,477 shares of the exchange traded fund’s stock worth $21,695,000 after acquiring an additional 1,505,643 shares in the last quarter. Morgan Stanley lifted its position in iShares Gold Trust by 28.6% during the first quarter. Morgan Stanley now owns 42,762,796 shares of the exchange traded fund’s stock worth $644,435,000 after buying an additional 9,518,408 shares during the period. Beese Fulmer Investment Management Inc. acquired a new position in shares of iShares Gold Trust in the 2nd quarter worth approximately $34,000. Insight Wealth Partners LLC boosted its holdings in shares of iShares Gold Trust by 23.6% in the second quarter. Insight Wealth Partners LLC now owns 192,018 shares of the exchange traded fund’s stock worth $3,262,000 after buying an additional 36,639 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in iShares Gold Trust by 15.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 25,634 shares of the exchange traded fund’s stock valued at $436,000 after purchasing an additional 3,475 shares during the period.
Shares of IAU stock traded up $0.01 on Tuesday, hitting $18.01. The company’s stock had a trading volume of 403,871 shares, compared to its average volume of 25,586,176. iShares Gold Trust has a fifty-two week low of $13.80 and a fifty-two week high of $19.76. The stock’s 50 day moving average is $18.12 and its 200-day moving average is $17.66.
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.
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