iShares Gold Trust (NYSEARCA:IAU) Shares Bought by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,078 shares of the exchange traded fund’s stock after acquiring an additional 650 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in iShares Gold Trust were worth $251,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Retirement Wealth Solutions LLC acquired a new position in iShares Gold Trust in the fourth quarter worth approximately $177,000. Merit Financial Group LLC raised its position in shares of iShares Gold Trust by 177.6% during the fourth quarter. Merit Financial Group LLC now owns 51,538 shares of the exchange traded fund’s stock worth $2,552,000 after purchasing an additional 32,975 shares during the period. Chemistry Wealth Management LLC lifted its holdings in shares of iShares Gold Trust by 0.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 301,586 shares of the exchange traded fund’s stock valued at $14,932,000 after purchasing an additional 2,464 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of iShares Gold Trust by 1.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 21,550 shares of the exchange traded fund’s stock valued at $1,067,000 after purchasing an additional 357 shares during the period. Finally, Empirical Asset Management LLC increased its stake in iShares Gold Trust by 9.3% in the 4th quarter. Empirical Asset Management LLC now owns 6,081 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 517 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $50.99 on Friday. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69. The stock’s 50-day moving average price is $49.87 and its two-hundred day moving average price is $48.70.

iShares Gold Trust Company 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.