Bay Harbor Wealth Management LLC Acquires New Holdings in iShares Gold Trust (NYSEARCA:IAU)

Bay Harbor Wealth Management LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,836 shares of the exchange traded fund’s stock, valued at approximately $536,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Mather Group LLC. increased its stake in iShares Gold Trust by 60.1% during the 4th quarter. Mather Group LLC. now owns 15,757 shares of the exchange traded fund’s stock worth $780,000 after buying an additional 5,912 shares during the period. WESPAC Advisors SoCal LLC boosted its stake in shares of iShares Gold Trust by 19.9% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 6,747 shares of the exchange traded fund’s stock valued at $334,000 after buying an additional 1,119 shares during the period. Columbus Macro LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter worth about $1,743,000. Fourpath Capital Management LLC increased its position in shares of iShares Gold Trust by 4.3% in the 4th quarter. Fourpath Capital Management LLC now owns 520,151 shares of the exchange traded fund’s stock valued at $25,753,000 after purchasing an additional 21,394 shares during the last quarter. Finally, JP Wealth Management Inc. purchased a new stake in iShares Gold Trust during the 4th quarter worth about $6,683,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $53.60 on Tuesday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $53.44. The business has a 50 day moving average price of $50.39 and a 200 day moving average price of $49.23.

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.