iShares Gold Trust (NYSEARCA:IAU) Reaches New 12-Month High at $14.61

iShares Gold Trust (NYSEARCA:IAU) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $14.61 and last traded at $14.60, with a volume of 353669 shares traded. The stock had previously closed at $14.34.

The business’s 50-day moving average price is $13.86 and its 200-day moving average price is $12.88.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Destination Wealth Management raised its position in iShares Gold Trust by 90.4% during the second quarter. Destination Wealth Management now owns 2,393 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 1,136 shares in the last quarter. Meridian Wealth Management LLC bought a new position in iShares Gold Trust during the first quarter valued at approximately $32,000. Investors Research Corp bought a new position in shares of iShares Gold Trust in the first quarter valued at approximately $35,000. Parallel Advisors LLC raised its position in shares of iShares Gold Trust by 127.9% in the second quarter. Parallel Advisors LLC now owns 3,877 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 2,176 shares during the period. Finally, Arcus Capital Partners LLC bought a new position in shares of iShares Gold Trust in the second quarter valued at approximately $59,000.

About iShares Gold Trust (NYSEARCA:IAU)

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.

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