Advance Capital Management Inc. Has $488,000 Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Advance Capital Management Inc. boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,856 shares of the exchange traded fund’s stock after purchasing an additional 2,280 shares during the quarter. Advance Capital Management Inc.’s holdings in iShares Gold Trust were worth $488,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Silverleafe Capital Partners LLC increased its position in shares of iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after buying an additional 689 shares in the last quarter. Global Wealth Strategies & Associates increased its holdings in shares of iShares Gold Trust by 3.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 133,502 shares of the exchange traded fund’s stock worth $6,610,000 after acquiring an additional 5,033 shares in the last quarter. Confluence Investment Management LLC raised its position in shares of iShares Gold Trust by 4.1% during the fourth quarter. Confluence Investment Management LLC now owns 14,962 shares of the exchange traded fund’s stock worth $741,000 after purchasing an additional 592 shares during the period. Old Port Advisors lifted its holdings in shares of iShares Gold Trust by 2.7% during the 4th quarter. Old Port Advisors now owns 152,679 shares of the exchange traded fund’s stock valued at $7,559,000 after purchasing an additional 4,023 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock traded down $0.05 during mid-day trading on Monday, hitting $49.74. 3,624,829 shares of the company were exchanged, compared to its average volume of 3,633,989. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $52.69. The firm’s 50 day simple moving average is $50.08 and its 200 day simple moving average is $48.31.

About iShares Gold Trust

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.