MONECO Advisors LLC Buys 436 Shares of iShares Gold Trust (NYSEARCA:IAU)

MONECO Advisors LLC increased its position in iShares Gold Trust (NYSEARCA:IAU) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,861 shares of the exchange traded fund’s stock after acquiring an additional 436 shares during the quarter. MONECO Advisors LLC’s holdings in iShares Gold Trust were worth $686,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth $27,000. Archer Investment Corp boosted its holdings in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the period. Financial Life Planners purchased a new stake in iShares Gold Trust in the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust in the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC raised its holdings 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 valued at $42,000 after acquiring an additional 333 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.1 %

NYSEARCA IAU opened at $55.39 on Monday. The business has a 50-day moving average price of $51.75 and a 200-day moving average price of $50.20. iShares Gold Trust has a twelve month low of $38.21 and a twelve month high of $55.60.

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.