Central Bank & Trust Co. lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,027 shares of the exchange traded fund’s stock after purchasing an additional 429 shares during the period. Central Bank & Trust Co.’s holdings in iShares Gold Trust were worth $697,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of IAU. Norden Group LLC purchased a new stake in shares of iShares Gold Trust in the first quarter worth approximately $555,000. Larson Financial Group LLC raised its holdings in shares of iShares Gold Trust by 7.9% during the first quarter. Larson Financial Group LLC now owns 8,123 shares of the exchange traded fund’s stock worth $341,000 after acquiring an additional 596 shares in the last quarter. Catalina Capital Group LLC purchased a new position in iShares Gold Trust in the first quarter valued at about $233,000. Geneos Wealth Management Inc. increased its position in iShares Gold Trust by 13.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock worth $145,000 after purchasing an additional 396 shares during the last quarter. Finally, Lesa Sroufe & Co purchased a new stake in shares of iShares Gold Trust during the 1st quarter worth about $211,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Performance
NYSEARCA:IAU opened at $51.70 on Tuesday. The stock’s 50 day moving average price is $49.65 and its 200 day moving average price is $46.58. iShares Gold Trust has a 52 week low of $36.57 and a 52 week high of $52.69.
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.
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