Cromwell Holdings LLC Buys New Shares in iShares Gold Trust (NYSEARCA:IAU)

Cromwell Holdings LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,223 shares of the exchange traded fund’s stock, valued at approximately $110,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in iShares Gold Trust during the fourth quarter worth about $27,000. Archer Investment Corp lifted its stake in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners bought a new position in iShares Gold Trust during the fourth quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new position in iShares Gold Trust during the fourth quarter worth about $40,000. Finally, Valued Wealth Advisors LLC lifted its stake in iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $55.44 on Friday. iShares Gold Trust has a 12 month low of $38.21 and a 12 month high of $55.60. The company has a 50-day moving average price of $51.54 and a two-hundred day moving average price of $50.02.

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.