iShares Gold Trust (NYSEARCA:IAU) Sees Strong Trading Volume

Shares of iShares Gold Trust (NYSEARCA:IAUGet Free Report) saw unusually-strong trading volume on Monday . Approximately 11,372,840 shares changed hands during mid-day trading, an increase of 109% from the previous session’s volume of 5,452,063 shares.The stock last traded at $42.44 and had previously closed at $42.01.

iShares Gold Trust Price Performance

The company’s 50-day moving average is $39.60 and its 200-day moving average is $38.23.

Hedge Funds Weigh In On iShares Gold Trust

A number of hedge funds have recently modified their holdings of the stock. Redhawk Wealth Advisors Inc. raised its stake in shares of iShares Gold Trust by 2.4% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 11,390 shares of the exchange traded fund’s stock valued at $445,000 after acquiring an additional 262 shares during the last quarter. Ieq Capital LLC raised its holdings in shares of iShares Gold Trust by 0.7% in the third quarter. Ieq Capital LLC now owns 41,123 shares of the exchange traded fund’s stock valued at $1,439,000 after buying an additional 266 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in iShares Gold Trust by 2.0% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock worth $541,000 after buying an additional 277 shares in the last quarter. Asset Dedication LLC grew its holdings in iShares Gold Trust by 2.5% during the 3rd quarter. Asset Dedication LLC now owns 11,334 shares of the exchange traded fund’s stock worth $396,000 after acquiring an additional 278 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in iShares Gold Trust by 10.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 282 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Company Profile

(Get Free Report)

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.

Further Reading

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