178,235 Shares in iShares Gold Trust (NYSEARCA:IAU) Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 178,235 shares of the exchange traded fund’s stock, valued at approximately $8,824,000. iShares Gold Trust accounts for about 1.0% of Stonebridge Financial Group LLC’s portfolio, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IAU. Compass Financial Services Inc acquired a new position in shares of iShares Gold Trust during the 4th quarter worth about $27,000. Archer Investment Corp boosted its position in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares during the period. Financial Life Planners acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth $33,000. Newbridge Financial Services Group Inc. bought a new position in iShares Gold Trust during the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC boosted its holdings in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $54.88 on Tuesday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $54.95. The business’s 50-day simple moving average is $50.78 and its 200 day simple moving average is $49.52.

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.