WealthShield Partners LLC Invests $644,000 in iShares Gold Trust (NYSEARCA:IAU)

WealthShield Partners LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, Holdings Channel reports. The firm purchased 12,998 shares of the exchange traded fund’s stock, valued at approximately $644,000.

A number of other large investors have also made changes to their positions in IAU. Compass Financial Services Inc bought a new position in iShares Gold Trust during the fourth quarter worth about $27,000. Archer Investment Corp raised its position in shares of 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 shares of iShares Gold Trust during the 4th quarter valued at about $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC grew its position in shares of 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 own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $55.68 on Tuesday. iShares Gold Trust has a 52 week low of $38.31 and a 52 week high of $55.70. The company’s 50 day moving average price is $51.86 and its two-hundred day moving average price is $50.27.

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.