B. Riley Wealth Advisors Inc. Raises Stake in iShares Gold Trust (NYSEARCA:IAU)

B. Riley Wealth Advisors Inc. grew its position in iShares Gold Trust (NYSEARCA:IAU) by 116.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,864 shares of the exchange traded fund’s stock after purchasing an additional 124,415 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $10,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Ocean LLC bought a new position in iShares Gold Trust in the 1st quarter worth $29,000. Global Trust Asset Management LLC grew its position in shares of iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust during the 2nd quarter valued at approximately $31,000. YHB Investment Advisors Inc. purchased a new position in iShares Gold Trust in the 1st quarter worth approximately $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in iShares Gold Trust in the 2nd quarter worth approximately $34,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.8 %

iShares Gold Trust stock opened at $50.09 on Monday. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $50.57. The firm’s 50 day moving average price is $47.20 and its 200-day moving average price is $45.10.

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.