Principal Securities Inc. boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 46.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,307 shares of the exchange traded fund’s stock after purchasing an additional 6,775 shares during the quarter. Principal Securities Inc.’s holdings in iShares Gold Trust were worth $1,055,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ellis Investment Partners LLC grew its position in iShares Gold Trust by 1.6% during the 4th quarter. Ellis Investment Partners LLC now owns 16,357 shares of the exchange traded fund’s stock worth $810,000 after purchasing an additional 257 shares during the period. Scarborough Advisors LLC acquired a new stake in iShares Gold Trust during the 4th quarter worth about $1,764,000. Spinnaker Trust grew its position in iShares Gold Trust by 1.9% during the 4th quarter. Spinnaker Trust now owns 417,654 shares of the exchange traded fund’s stock worth $20,678,000 after purchasing an additional 7,590 shares during the period. Quadrant Private Wealth Management LLC grew its position in iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 195 shares during the period. Finally, BCU Wealth Advisors LLC acquired a new stake in iShares Gold Trust during the 4th quarter worth about $290,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
IAU stock opened at $55.42 on Thursday. The company’s 50-day simple moving average is $51.46 and its 200-day simple moving average is $49.98. iShares Gold Trust has a 52-week low of $38.21 and a 52-week high of $55.49.
About iShares Gold Trust
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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