SWP Financial LLC Invests $653,000 in iShares Gold Trust (NYSEARCA:IAU)

SWP Financial LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,182 shares of the exchange traded fund’s stock, valued at approximately $653,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Archer Investment Corp grew its stake 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 buying an additional 529 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in iShares Gold Trust by 127.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 635 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of iShares Gold Trust by 71.4% during the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 500 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of iShares Gold Trust by 15,750.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock valued at $63,000 after purchasing an additional 1,260 shares during the period. Finally, McIlrath & Eck LLC lifted its position in shares of iShares Gold Trust by 34.3% during the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.6 %

IAU opened at $52.31 on Monday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69. The company has a fifty day simple moving average of $50.17 and a 200 day simple moving average of $48.98.

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.