Sovran Advisors LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the 4th quarter, Holdings Channel reports. The firm bought 15,392 shares of the exchange traded fund’s stock, valued at approximately $778,000.
Other large investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in iShares Gold Trust in the 4th quarter valued at $8,824,000. Essex Financial Services Inc. boosted its position in shares of iShares Gold Trust by 7.0% in the fourth quarter. Essex Financial Services Inc. now owns 15,512 shares of the exchange traded fund’s stock valued at $768,000 after acquiring an additional 1,021 shares during the period. Sapient Capital LLC grew its stake in shares of iShares Gold Trust by 1.4% in the fourth quarter. Sapient Capital LLC now owns 185,642 shares of the exchange traded fund’s stock valued at $9,191,000 after acquiring an additional 2,590 shares in the last quarter. Soltis Investment Advisors LLC bought a new position in iShares Gold Trust during the fourth quarter worth about $282,000. Finally, MBA Advisors LLC raised its stake in iShares Gold Trust by 5.0% in the 4th quarter. MBA Advisors LLC now owns 140,531 shares of the exchange traded fund’s stock worth $6,958,000 after purchasing an additional 6,649 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
NYSEARCA IAU opened at $54.69 on Wednesday. The firm has a 50-day moving average price of $50.88 and a two-hundred day moving average price of $49.60. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $54.94.
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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