iShares Gold Trust (NYSEARCA:IAU) Sees Large Volume Increase

Shares of iShares Gold Trust (NYSEARCA:IAU) saw unusually-high trading volume on Tuesday . Approximately 12,835,604 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 6,659,420 shares.The stock last traded at $45.12 and had previously closed at $45.13.

iShares Gold Trust Stock Up 0.5 %

The business’s 50 day moving average is $40.90 and its 200 day moving average is $38.85.

Hedge Funds Weigh In On iShares Gold Trust

A number of large investors have recently bought and sold shares of the business. Pettinga Financial Advisors LLC raised its stake in iShares Gold Trust by 2.5% in the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after buying an additional 245 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of iShares Gold Trust by 2.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 11,390 shares of the exchange traded fund’s stock worth $445,000 after purchasing an additional 262 shares in the last quarter. Ieq Capital LLC increased its position in shares of iShares Gold Trust by 0.7% during the third quarter. Ieq Capital LLC now owns 41,123 shares of the exchange traded fund’s stock worth $1,439,000 after purchasing an additional 266 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its position in shares of iShares Gold Trust by 2.0% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock worth $541,000 after purchasing an additional 277 shares in the last quarter. Finally, Asset Dedication LLC increased its position in shares of iShares Gold Trust by 2.5% during the third quarter. Asset Dedication LLC now owns 11,334 shares of the exchange traded fund’s stock worth $396,000 after purchasing an additional 278 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

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.