NorthRock Partners LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 45,935 shares of the exchange traded fund’s stock, valued at approximately $2,283,000.
A number of other large investors have also added to or reduced their stakes in the stock. Global Trust Asset Management LLC increased its stake in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust during the 2nd quarter valued at approximately $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust during the second quarter valued at approximately $34,000. Pacifica Partners Inc. purchased a new position in iShares Gold Trust in the second quarter worth about $35,000. Finally, Chris Bulman Inc purchased a new stake in iShares Gold Trust in the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
NYSEARCA IAU traded up $0.01 during trading on Tuesday, hitting $51.71. 608,489 shares of the stock traded hands, compared to its average volume of 5,903,228. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $52.69. The firm has a 50-day simple moving average of $49.65 and a 200-day simple moving average of $46.58.
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.
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