Gateway Advisory LLC Purchases 9,292 Shares of iShares Gold Trust (NYSEARCA:IAU)

Gateway Advisory LLC boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,670 shares of the exchange traded fund’s stock after acquiring an additional 9,292 shares during the period. iShares Gold Trust makes up approximately 1.4% of Gateway Advisory LLC’s investment portfolio, making the stock its 18th largest holding. Gateway Advisory LLC’s holdings in iShares Gold Trust were worth $8,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new position in iShares Gold Trust during the first quarter worth $30,021,000. Hsbc Holdings PLC grew its holdings in shares of iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after acquiring an additional 665,653 shares in the last quarter. Cetera Investment Advisers increased its position in shares of iShares Gold Trust by 545.9% in the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after acquiring an additional 586,652 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in iShares Gold Trust by 66.2% during the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after acquiring an additional 581,671 shares in the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in iShares Gold Trust during the first quarter valued at approximately $24,048,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.2 %

NYSEARCA:IAU opened at $49.61 on Tuesday. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $49.78. The stock’s 50 day moving average price is $46.87 and its two-hundred day moving average price is $44.84.

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.