Acorn Financial Advisory Services Inc. ADV boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 54.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,906 shares of the exchange traded fund’s stock after buying an additional 5,949 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in iShares Gold Trust were worth $304,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $73,000. Laurel Wealth Advisors LLC grew its position in shares of iShares Gold Trust by 260.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,800 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 1,300 shares in the last quarter. Independence Bank of Kentucky acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth approximately $33,000. Beese Fulmer Investment Management Inc. acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $34,000. Finally, Watson Rebecca acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $42,000.

Shares of NYSEARCA:IAU opened at $18.11 on Friday. The company’s 50 day moving average price is $18.33 and its two-hundred day moving average price is $17.33. iShares Gold Trust has a 12-month low of $13.80 and a 12-month high of $19.76.

About iShares Gold Trust

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.

Further Reading: Green Investing

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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