Concurrent Investment Advisors LLC Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Concurrent Investment Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 114.7% during the fourth quarter, HoldingsChannel reports. The firm owned 30,680 shares of the exchange traded fund’s stock after buying an additional 16,389 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares Gold Trust were worth $1,519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IAU. Quadrature Capital Ltd purchased a new position in shares of iShares Gold Trust during the third quarter worth approximately $95,801,000. Truist Financial Corp boosted its holdings in iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after acquiring an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in iShares Gold Trust by 6,538.7% in the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after acquiring an additional 672,568 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after buying an additional 666,330 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $55.39 on Friday. iShares Gold Trust has a 12 month low of $38.21 and a 12 month high of $55.60. The company’s fifty day moving average price is $51.75 and its 200-day moving average price is $50.13.

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.