Old Port Advisors Has $7.56 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Old Port Advisors raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.7% during the 4th quarter, Holdings Channel reports. The fund owned 152,679 shares of the exchange traded fund’s stock after purchasing an additional 4,023 shares during the period. iShares Gold Trust makes up approximately 2.2% of Old Port Advisors’ portfolio, making the stock its 5th largest holding. Old Port Advisors’ holdings in iShares Gold Trust were worth $7,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Archer Investment Corp boosted its holdings in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares in the last quarter. Chris Bulman Inc bought a new stake in shares of iShares Gold Trust in the 2nd quarter worth $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of iShares Gold Trust by 127.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 635 shares during the period. Global Trust Asset Management LLC boosted its stake in iShares Gold Trust by 71.4% during the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after buying an additional 500 shares in the last quarter. Finally, McIlrath & Eck LLC grew its holdings in iShares Gold Trust by 34.3% during the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 341 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock traded up $0.51 during midday trading on Thursday, hitting $50.02. The company’s stock had a trading volume of 1,500,467 shares, compared to its average volume of 5,869,504. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69. The stock’s 50-day moving average price is $50.15 and its 200-day moving average price is $48.19.

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.