International Assets Investment Management LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 4,843.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,037 shares of the exchange traded fund’s stock after buying an additional 229,303 shares during the period. International Assets Investment Management LLC’s holdings in iShares Gold Trust were worth $11,632,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional 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% 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. acquired a new stake in iShares Gold Trust in the second quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new stake in iShares Gold Trust in the second quarter valued at $34,000. Pacifica Partners Inc. acquired a new stake in iShares Gold Trust in the second quarter valued at $35,000. Finally, Chris Bulman Inc acquired a new stake in iShares Gold Trust in the second quarter valued at $43,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Trading Up 0.6 %
IAU stock opened at $52.65 on Thursday. iShares Gold Trust has a 1-year low of $36.57 and a 1-year high of $52.69. The firm has a fifty day moving average price of $49.38 and a two-hundred day moving average price of $46.43.
iShares Gold Trust Company 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.
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