Essex Savings Bank acquired a new position in iShares Gold Trust (NYSEARCA:IAU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,050 shares of the exchange traded fund’s stock, valued at approximately $188,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Ameritas Investment Partners Inc. purchased a new stake in iShares Gold Trust during the 1st quarter valued at about $25,000. Harwood Advisory Group LLC bought a new stake in shares of iShares Gold Trust during the first quarter worth $26,000. Advisory Alpha LLC bought a new stake in shares of iShares Gold Trust during the first quarter worth $28,000. Duncker Streett & Co. Inc. bought a new stake in shares of iShares Gold Trust during the first quarter worth $30,000. Finally, New England Investment & Retirement Group Inc. bought a new stake in shares of iShares Gold Trust during the first quarter worth $30,000.
Shares of NYSEARCA:IAU traded up $0.20 on Friday, hitting $18.86. 26,470,755 shares of the company’s stock were exchanged, compared to its average volume of 26,272,102. iShares Gold Trust has a 12 month low of $13.42 and a 12 month high of $18.91. The business’s 50 day simple moving average is $17.20 and its two-hundred day simple moving average is $16.05.
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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