Private Advisor Group LLC Grows Holdings in iShares Gold Trust (NYSEARCA:IAU)

Private Advisor Group LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 13.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 163,738 shares of the exchange traded fund’s stock after acquiring an additional 19,185 shares during the quarter. Private Advisor Group LLC’s holdings in iShares Gold Trust were worth $8,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TCP Asset Management LLC grew its position in shares of iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 195 shares during the period. Quadrant Private Wealth Management LLC grew its position in iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 195 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position in iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares during the last quarter. Baker Avenue Asset Management LP grew its position in iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after purchasing an additional 215 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in iShares Gold Trust by 2.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 215 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $55.39 on Friday. iShares Gold Trust has a one year low of $38.21 and a one year high of $55.60. The company’s 50-day moving average is $51.64 and its 200 day moving average is $50.06.

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.