Bridgewealth Advisory Group LLC Acquires 1,630 Shares of iShares Gold Trust (NYSEARCA:IAU)

Bridgewealth Advisory Group LLC increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,374 shares of the exchange traded fund’s stock after buying an additional 1,630 shares during the period. Bridgewealth Advisory Group LLC’s holdings in iShares Gold Trust were worth $1,071,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IAU. Aveo Capital Partners LLC grew its holdings in iShares Gold Trust by 18.2% during the 4th quarter. Aveo Capital Partners LLC now owns 258,376 shares of the exchange traded fund’s stock valued at $10,084,000 after buying an additional 39,780 shares in the last quarter. Commerce Bank increased its holdings in iShares Gold Trust by 5.5% during the 4th quarter. Commerce Bank now owns 174,217 shares of the exchange traded fund’s stock worth $6,800,000 after acquiring an additional 9,027 shares during the period. Advisory Services Network LLC lifted its stake in iShares Gold Trust by 38.3% in the 4th quarter. Advisory Services Network LLC now owns 139,169 shares of the exchange traded fund’s stock worth $5,432,000 after purchasing an additional 38,570 shares in the last quarter. Madden Advisory Services Inc. boosted its holdings in iShares Gold Trust by 8.7% in the 4th quarter. Madden Advisory Services Inc. now owns 93,413 shares of the exchange traded fund’s stock valued at $3,646,000 after purchasing an additional 7,499 shares during the period. Finally, Staley Capital Advisers Inc. grew its position in shares of iShares Gold Trust by 23.4% during the 4th quarter. Staley Capital Advisers Inc. now owns 9,728 shares of the exchange traded fund’s stock valued at $380,000 after purchasing an additional 1,845 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.3 %

iShares Gold Trust stock opened at $49.52 on Friday. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $49.60. The firm’s fifty day moving average price is $46.79 and its 200-day moving average price is $44.75.

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.