Raleigh Capital Management Inc. Has $63,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Raleigh Capital Management Inc. grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 15,750.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,268 shares of the exchange traded fund’s stock after buying an additional 1,260 shares during the period. Raleigh Capital Management Inc.’s holdings in iShares Gold Trust were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Archer Investment Corp lifted its holdings in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 635 shares during the period. Global Trust Asset Management LLC boosted its position in shares of iShares Gold Trust by 71.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 500 shares in the last quarter. McIlrath & Eck LLC grew its stake in iShares Gold Trust by 34.3% during the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares during the period. Finally, GAMMA Investing LLC increased its holdings in iShares Gold Trust by 158.7% in the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 887 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU opened at $51.98 on Friday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69. The business’s 50 day moving average price is $50.02 and its two-hundred day moving average price is $48.88.

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.