OFC Financial Planning LLC Takes $1.68 Million Position in iShares Gold Trust (NYSEARCA:IAU)

OFC Financial Planning LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 33,839 shares of the exchange traded fund’s stock, valued at approximately $1,675,000. iShares Gold Trust comprises 1.8% of OFC Financial Planning LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Archer Investment Corp boosted its position in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Valued Wealth Advisors LLC lifted its stake in iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 333 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of iShares Gold Trust by 127.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 635 shares during the period. Global Trust Asset Management LLC grew its position in shares of iShares Gold Trust by 71.4% during the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after acquiring an additional 500 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in shares of iShares Gold Trust by 15,750.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 1,260 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.2 %

Shares of NYSEARCA:IAU opened at $52.87 on Friday. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $53.18. The firm has a fifty day moving average price of $50.39 and a 200 day moving average price of $49.20.

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.