Harbour Capital Advisors LLC Makes New $206,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Harbour Capital Advisors LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,184 shares of the exchange traded fund’s stock, valued at approximately $206,000.

A number of other large investors have also modified their holdings of IAU. Private Ocean LLC purchased a new stake in shares of iShares Gold Trust in the first quarter valued at about $29,000. Global Trust Asset Management LLC grew its holdings in shares of iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares Gold Trust in the second quarter valued at about $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the second quarter valued at about $34,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of iShares Gold Trust in the second quarter valued at about $35,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $51.37 on Friday. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.41. The firm has a 50-day moving average price of $48.59 and a 200 day moving average price of $45.97.

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.