Good Life Advisors LLC Acquires Shares of 8,776 iShares Gold Trust (NYSEARCA:IAU)

Good Life Advisors LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) during the third quarter, HoldingsChannel reports. The fund acquired 8,776 shares of the exchange traded fund’s stock, valued at approximately $436,000.

Several other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC raised its holdings in iShares Gold Trust by 6.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock worth $133,523,000 after purchasing an additional 178,898 shares during the period. Truist Financial Corp raised its holdings in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the period. Proficio Capital Partners LLC raised its holdings in iShares Gold Trust by 2.1% in the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after purchasing an additional 44,515 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in iShares Gold Trust by 66.2% in the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after purchasing an additional 581,671 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.0 %

IAU opened at $51.37 on Friday. The firm’s fifty day moving average is $48.59 and its two-hundred day moving average is $45.99. iShares Gold Trust has a twelve month low of $36.57 and a twelve month high of $51.41.

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.