Sovran Advisors LLC Has $5.40 Million Stock Holdings in iShares Gold Trust $IAU

Sovran Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 50.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 71,307 shares of the exchange traded fund’s stock after buying an additional 23,785 shares during the period. Sovran Advisors LLC’s holdings in iShares Gold Trust were worth $5,404,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of IAU. Patron Partners LLC bought a new position in shares of iShares Gold Trust during the third quarter worth approximately $224,000. WealthShield Partners LLC increased its position in iShares Gold Trust by 78.3% during the 3rd quarter. WealthShield Partners LLC now owns 41,193 shares of the exchange traded fund’s stock worth $2,998,000 after buying an additional 18,085 shares during the period. EWA LLC lifted its holdings in shares of iShares Gold Trust by 39.1% during the third quarter. EWA LLC now owns 51,692 shares of the exchange traded fund’s stock worth $3,762,000 after buying an additional 14,531 shares in the last quarter. Exchange Bank boosted its position in shares of iShares Gold Trust by 5.5% in the third quarter. Exchange Bank now owns 9,269 shares of the exchange traded fund’s stock valued at $675,000 after acquiring an additional 484 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of iShares Gold Trust by 21.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 103,465 shares of the exchange traded fund’s stock valued at $7,576,000 after acquiring an additional 17,930 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Trading Up 1.3%

Shares of IAU opened at $93.79 on Monday. iShares Gold Trust has a 12 month low of $51.52 and a 12 month high of $93.95. The firm’s 50 day moving average is $82.31 and its 200-day moving average is $73.95. The stock has a market capitalization of $79.13 billion, a PE ratio of 5.53 and a beta of 0.09.

iShares Gold Trust Company Profile

(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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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