iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. grew its position in iShares Gold Trust (NYSEARCA:IAU) by 28.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,239 shares of the exchange traded fund’s stock after acquiring an additional 500 shares during the period. Salem Investment Counselors Inc.’s holdings in iShares Gold Trust were worth $94,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IAU. PFG Advisors grew its stake in iShares Gold Trust by 3.7% during the 4th quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock valued at $818,000 after acquiring an additional 754 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in iShares Gold Trust by 203.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after acquiring an additional 13,101 shares in the last quarter. Hsbc Holdings PLC grew its stake in iShares Gold Trust by 6.7% during the 3rd quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock valued at $3,482,000 after acquiring an additional 6,263 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in iShares Gold Trust during the 4th quarter valued at about $544,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of iShares Gold Trust by 10.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after buying an additional 282 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 opened at $43.89 on Monday. The firm has a 50 day simple moving average of $44.30 and a 200-day simple moving average of $41.24. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $46.08.

iShares Gold Trust Company 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.