Verus Capital Partners LLC Acquires 520 Shares of iShares Gold Trust (NYSEARCA:IAU)

Verus Capital Partners LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.9% during the third quarter, HoldingsChannel reports. The fund owned 6,334 shares of the exchange traded fund’s stock after acquiring an additional 520 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares Gold Trust were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of IAU. Global Trust Asset Management LLC lifted its position in shares of iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares during the period. 1620 Investment Advisors Inc. bought a new position in iShares Gold Trust in the second quarter worth $31,000. Opal Wealth Advisors LLC acquired a new stake in iShares Gold Trust during the second quarter worth $34,000. Pacifica Partners Inc. bought a new stake in iShares Gold Trust in the 2nd quarter valued at $35,000. Finally, Chris Bulman Inc acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at $43,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 1.0 %

Shares of iShares Gold Trust stock opened at $48.59 on Thursday. The firm’s 50-day simple moving average is $50.01 and its 200-day simple moving average is $46.84. iShares Gold Trust has a twelve month low of $37.02 and a twelve month high of $52.69.

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.