Douglass Winthrop Advisors LLC Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Douglass Winthrop Advisors LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,680 shares of the exchange traded fund’s stock, valued at approximately $928,000.

Several other hedge funds have also added to or reduced their stakes in the business. Archer Investment Corp increased its position in iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Global Trust Asset Management LLC grew its holdings in iShares Gold Trust by 250.0% in 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 during the period. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust in the second quarter valued at $31,000. Opal Wealth Advisors LLC bought a new stake in iShares Gold Trust in the 2nd quarter valued at about $34,000. Finally, Pacifica Partners Inc. bought a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $35,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

IAU opened at $49.59 on Tuesday. The company’s fifty day moving average price is $50.32 and its two-hundred day moving average price is $47.20. iShares Gold Trust has a 1-year low of $37.40 and a 1-year high of $52.69.

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.