iShares Gold Trust (NYSEARCA:IAU) is Cape ANN Savings Bank’s 6th Largest Position

Cape ANN Savings Bank raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 166,400 shares of the exchange traded fund’s stock after buying an additional 1,052 shares during the period. iShares Gold Trust comprises about 4.8% of Cape ANN Savings Bank’s investment portfolio, making the stock its 6th biggest position. Cape ANN Savings Bank’s holdings in iShares Gold Trust were worth $8,270,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Private Ocean LLC bought a new stake in shares of iShares Gold Trust in the 1st quarter valued at about $29,000. Global Trust Asset Management LLC lifted its position in iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust in the second quarter valued at approximately $31,000. YHB Investment Advisors Inc. purchased a new stake in shares of iShares Gold Trust during the first quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in iShares Gold Trust in the 2nd quarter worth $34,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $49.54 on Wednesday. iShares Gold Trust has a 1 year low of $34.93 and a 1 year high of $50.57. The stock’s 50-day moving average is $47.79 and its 200 day moving average is $45.49.

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.