Flagstar Advisors Inc. Acquires 13,028 Shares of iShares Gold Trust (NYSEARCA:IAU)

Flagstar Advisors Inc. boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,751 shares of the exchange traded fund’s stock after purchasing an additional 13,028 shares during the period. iShares Gold Trust comprises about 1.1% of Flagstar Advisors Inc.’s portfolio, making the stock its 25th largest holding. Flagstar Advisors Inc.’s holdings in iShares Gold Trust were worth $3,425,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth about $26,000. North Star Investment Management Corp. lifted its stake in shares of iShares Gold Trust by 125.7% during the 4th quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 479 shares during the last quarter. Chilton Capital Management LLC lifted its stake in shares of iShares Gold Trust by 162.8% during the 4th quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 542 shares during the last quarter. Financial Freedom LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth about $30,000. Finally, Hibernia Wealth Partners LLC acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth about $36,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU traded up $0.52 during mid-day trading on Friday, reaching $42.01. 7,533,827 shares of the company were exchanged, compared to its average volume of 5,512,183. The company’s 50-day simple moving average is $39.42 and its 200-day simple moving average is $38.12. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $42.09.

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.