Summit Trail Advisors LLC Acquires 16,715 Shares of iShares Gold Trust (NYSEARCA:IAU)

Summit Trail Advisors LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,407 shares of the exchange traded fund’s stock after acquiring an additional 16,715 shares during the period. Summit Trail Advisors LLC’s holdings in iShares Gold Trust were worth $6,344,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Ocean LLC bought a new stake in iShares Gold Trust during the 1st quarter valued at about $29,000. Pingora Partners LLC bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $31,000. Global Trust Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Gold Trust during the second quarter valued at $31,000. Finally, YHB Investment Advisors Inc. purchased a new position in iShares Gold Trust during the 1st quarter valued at about $33,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.3 %

Shares of NYSEARCA IAU opened at $49.52 on Friday. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $49.60. The stock’s fifty day simple moving average is $46.79 and its two-hundred day simple moving average is $44.72.

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.