Summit Trail Advisors LLC Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Summit Trail Advisors LLC raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,407 shares of the exchange traded fund’s stock after purchasing an additional 16,715 shares during the quarter. Summit Trail Advisors LLC’s holdings in iShares Gold Trust were worth $6,344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kiely Wealth Advisory Group Inc. boosted its holdings in shares of iShares Gold Trust by 52.2% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 7,781 shares of the exchange traded fund’s stock valued at $356,000 after acquiring an additional 2,668 shares during the last quarter. AE Wealth Management LLC raised its position in iShares Gold Trust by 21.4% during the second quarter. AE Wealth Management LLC now owns 182,231 shares of the exchange traded fund’s stock worth $8,005,000 after acquiring an additional 32,165 shares during the period. Callan Capital LLC lifted its holdings in iShares Gold Trust by 127.3% during the second quarter. Callan Capital LLC now owns 27,338 shares of the exchange traded fund’s stock valued at $1,201,000 after purchasing an additional 15,312 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of iShares Gold Trust by 7.5% in the second quarter. Glass Jacobson Investment Advisors llc now owns 25,969 shares of the exchange traded fund’s stock valued at $1,141,000 after purchasing an additional 1,813 shares during the period. Finally, AllGen Financial Advisors Inc. increased its stake in shares of iShares Gold Trust by 17.7% during the second quarter. AllGen Financial Advisors Inc. now owns 397,299 shares of the exchange traded fund’s stock worth $17,453,000 after purchasing an additional 59,642 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $49.52 on Friday. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $49.60. The company has a 50-day moving average price of $46.79 and a 200 day moving average price of $44.72.

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.