iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Confluence Investment Management LLC

Confluence Investment Management LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 4.1% during the fourth quarter, HoldingsChannel reports. The fund owned 14,962 shares of the exchange traded fund’s stock after purchasing an additional 592 shares during the period. Confluence Investment Management LLC’s holdings in iShares Gold Trust were worth $741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Archer Investment Corp increased its stake in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the last quarter. Chris Bulman Inc purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares Gold Trust by 127.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 635 shares in the last quarter. Global Trust Asset Management LLC lifted its position in iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 500 shares during the last quarter. Finally, Zions Bancorporation N.A. boosted its stake in iShares Gold Trust by 32.9% in the second quarter. Zions Bancorporation N.A. now owns 1,442 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 357 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.4 %

IAU opened at $50.19 on Friday. iShares Gold Trust has a one year low of $37.53 and a one year high of $52.69. The business’s 50-day simple moving average is $50.12 and its 200-day simple moving average is $48.21.

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.