Sharp Financial Services LLC Purchases 2,669 Shares of iShares Gold Trust (NYSEARCA:IAU)

Sharp Financial Services LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,938 shares of the exchange traded fund’s stock after acquiring an additional 2,669 shares during the quarter. iShares Gold Trust comprises approximately 0.8% of Sharp Financial Services LLC’s holdings, making the stock its 21st largest holding. Sharp Financial Services LLC’s holdings in iShares Gold Trust were worth $1,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Archer Investment Corp boosted its position in shares of iShares Gold Trust by 813.8% during the 3rd 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 last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in 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 valued at $56,000 after buying an additional 635 shares during the period. Global Trust Asset Management LLC raised its holdings in 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 valued at $60,000 after buying an additional 500 shares during the period. McIlrath & Eck LLC raised its holdings in iShares Gold Trust by 34.3% during 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 period. Finally, GAMMA Investing LLC raised its holdings in iShares Gold Trust by 158.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock valued at $72,000 after buying an additional 887 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $52.03 on Thursday. The stock’s fifty day moving average is $49.95 and its 200 day moving average is $48.86. iShares Gold Trust has a fifty-two week low of $37.53 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.