International Assets Investment Management LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 4,843.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,037 shares of the exchange traded fund’s stock after buying an additional 229,303 shares during the quarter. International Assets Investment Management LLC’s holdings in iShares Gold Trust were worth $11,632,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Norden Group LLC acquired a new position in shares of iShares Gold Trust in the 1st quarter valued at about $555,000. Ashton Thomas Private Wealth LLC increased its holdings in iShares Gold Trust by 0.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 31,759 shares of the exchange traded fund’s stock worth $1,334,000 after buying an additional 293 shares during the last quarter. SpiderRock Advisors LLC acquired a new position in iShares Gold Trust in the first quarter worth approximately $232,000. Diversify Advisory Services LLC acquired a new position in iShares Gold Trust in the first quarter worth approximately $3,832,000. Finally, Mission Wealth Management LP acquired a new position in iShares Gold Trust in the first quarter worth approximately $453,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Trading Up 0.6 %
Shares of IAU stock opened at $52.65 on Thursday. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $52.69. The business’s 50 day moving average is $49.38 and its two-hundred day moving average is $46.43.
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.
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