Exchange Traded Concepts LLC Acquires New Position in iShares Gold Trust (NYSEARCA:IAU)

Exchange Traded Concepts LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAU) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,281 shares of the exchange traded fund’s stock, valued at approximately $163,000.

Other large investors also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in iShares Gold Trust by 8.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock worth $1,034,000 after purchasing an additional 1,830 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in iShares Gold Trust by 5.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock worth $330,000 after purchasing an additional 436 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in iShares Gold Trust by 13.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock worth $145,000 after purchasing an additional 396 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after acquiring an additional 479,796 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of iShares Gold Trust by 0.9% during the 1st quarter. Whittier Trust Co. now owns 75,735 shares of the exchange traded fund’s stock worth $3,181,000 after acquiring an additional 678 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.0 %

Shares of IAU opened at $51.38 on Tuesday. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $51.76. The business’s 50 day simple moving average is $48.69 and its 200-day simple moving average is $46.07.

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.