D.A. Davidson & CO. Grows Position in iShares Gold Trust (NYSEARCA:IAU)

D.A. Davidson & CO. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 137.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 103,895 shares of the exchange traded fund’s stock after purchasing an additional 60,131 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares Gold Trust were worth $5,144,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IAU. TCP Asset Management LLC boosted its position in iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 195 shares during the period. Quadrant Private Wealth Management LLC boosted its position in iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after buying an additional 195 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in iShares Gold Trust by 1.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after buying an additional 212 shares during the period. Baker Avenue Asset Management LP boosted its position in iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after buying an additional 215 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 215 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $55.42 on Thursday. iShares Gold Trust has a one year low of $38.21 and a one year high of $55.49. The firm has a 50-day simple moving average of $51.46 and a 200-day simple moving average of $49.98.

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.