Naviter Wealth LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 31.0% during the third quarter, Holdings Channel.com reports. The fund owned 30,579 shares of the exchange traded fund’s stock after buying an additional 7,233 shares during the period. Naviter Wealth LLC’s holdings in iShares Gold Trust were worth $1,520,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Private Ocean LLC purchased a new stake in shares of iShares Gold Trust during the first quarter worth about $29,000. Global Trust Asset Management LLC boosted its stake in iShares Gold Trust by 250.0% in the 2nd 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. purchased a new stake in iShares Gold Trust during the 2nd quarter valued at approximately $31,000. Opal Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $34,000. Finally, Pacifica Partners Inc. purchased a new position in shares of iShares Gold Trust in the second quarter worth $35,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Performance
Shares of NYSEARCA:IAU opened at $50.83 on Friday. The firm has a fifty day moving average price of $48.49 and a 200 day moving average price of $45.91. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $50.92.
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.
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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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