Financial Insights Inc. acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,547 shares of the exchange traded fund’s stock, valued at approximately $52,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IAU. Strategic Blueprint LLC bought a new position in shares of iShares Gold Trust in the second quarter worth approximately $35,000. Cresset Asset Management LLC grew its position in iShares Gold Trust by 5.1% during the second quarter. Cresset Asset Management LLC now owns 2,010,896 shares of the exchange traded fund’s stock valued at $67,788,000 after acquiring an additional 98,165 shares during the last quarter. Wescott Financial Advisory Group LLC bought a new position in iShares Gold Trust during the second quarter valued at approximately $466,000. Brighton Jones LLC bought a new position in iShares Gold Trust during the second quarter valued at approximately $314,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in iShares Gold Trust during the second quarter valued at approximately $284,000. 56.47% of the stock is currently owned by institutional investors and hedge funds.
NYSEARCA:IAU opened at $33.25 on Friday. The business has a 50 day moving average price of $34.09 and a 200-day moving average price of $34.06. iShares Gold Trust has a fifty-two week low of $31.94 and a fifty-two week high of $37.30.
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.
See Also: Quick Ratio
Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.