HighTower Advisors LLC Grows Stake in iShares Gold Trust $IAU

HighTower Advisors LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 2.2% in the third quarter, HoldingsChannel reports. The firm owned 3,509,779 shares of the exchange traded fund’s stock after buying an additional 76,150 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Gold Trust were worth $255,406,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Evolution Wealth Advisors LLC grew its holdings in iShares Gold Trust by 1.5% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 8,875 shares of the exchange traded fund’s stock valued at $646,000 after buying an additional 135 shares in the last quarter. Axecap Investments LLC boosted its position in shares of iShares Gold Trust by 1.0% during the 3rd quarter. Axecap Investments LLC now owns 14,316 shares of the exchange traded fund’s stock valued at $1,042,000 after acquiring an additional 137 shares during the last quarter. Aspiriant LLC grew its holdings in shares of iShares Gold Trust by 1.8% in the third quarter. Aspiriant LLC now owns 7,854 shares of the exchange traded fund’s stock valued at $572,000 after purchasing an additional 138 shares in the last quarter. Sincerus Advisory LLC increased its position in iShares Gold Trust by 2.8% in the third quarter. Sincerus Advisory LLC now owns 5,184 shares of the exchange traded fund’s stock worth $377,000 after purchasing an additional 143 shares during the last quarter. Finally, First National Trust Co raised its stake in iShares Gold Trust by 0.9% during the third quarter. First National Trust Co now owns 15,541 shares of the exchange traded fund’s stock valued at $1,131,000 after purchasing an additional 144 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 2.5%

IAU stock opened at $94.75 on Friday. iShares Gold Trust has a 52 week low of $53.44 and a 52 week high of $104.40. The firm has a market capitalization of $80.00 billion, a P/E ratio of 5.53 and a beta of 0.09. The company has a fifty day simple moving average of $87.22 and a two-hundred day simple moving average of $77.16.

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iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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