iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 326,120 shares of the exchange traded fund’s stock after purchasing an additional 4,580 shares during the quarter. Dakota Wealth Management’s holdings in iShares Gold Trust were worth $16,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Archer Investment Corp boosted 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 worth $30,000 after acquiring an additional 529 shares during the period. 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 lifted its holdings in shares of iShares Gold Trust by 71.4% in 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 during the period. McIlrath & Eck LLC lifted its holdings in shares of iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after buying an additional 341 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of iShares Gold Trust by 158.7% in the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock valued at $72,000 after buying an additional 887 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $51.75 on Wednesday. The business has a fifty day simple moving average of $49.90 and a 200-day simple moving average of $48.81. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69.

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.