ICONIQ Capital LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 319,592 shares of the exchange traded fund’s stock after purchasing an additional 21,167 shares during the quarter. iShares Gold Trust accounts for about 0.4% of ICONIQ Capital LLC’s investment portfolio, making the stock its 18th largest holding. ICONIQ Capital LLC’s holdings in iShares Gold Trust were worth $3,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IAU. Smith Moore & CO. lifted its stake in iShares Gold Trust by 0.7% in the fourth quarter. Smith Moore & CO. now owns 123,449 shares of the exchange traded fund’s stock valued at $1,517,000 after buying an additional 817 shares during the period. Evanson Asset Management LLC lifted its stake in iShares Gold Trust by 0.4% in the first quarter. Evanson Asset Management LLC now owns 240,527 shares of the exchange traded fund’s stock valued at $2,978,000 after buying an additional 900 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in iShares Gold Trust by 2.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 42,448 shares of the exchange traded fund’s stock valued at $526,000 after buying an additional 962 shares during the period. Parametric Portfolio Associates LLC lifted its stake in iShares Gold Trust by 7.6% in the first quarter. Parametric Portfolio Associates LLC now owns 13,870 shares of the exchange traded fund’s stock valued at $172,000 after buying an additional 974 shares during the period. Finally, Liberty Wealth Management LLC lifted its stake in iShares Gold Trust by 2.3% in the first quarter. Liberty Wealth Management LLC now owns 44,598 shares of the exchange traded fund’s stock valued at $552,000 after buying an additional 1,000 shares during the period.

NYSEARCA:IAU traded up $0.07 during mid-day trading on Wednesday, hitting $12.76. The company had a trading volume of 234,180 shares, compared to its average volume of 14,266,821. iShares Gold Trust has a fifty-two week low of $11.25 and a fifty-two week high of $12.91.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.watchlistnews.com/iconiq-capital-llc-raises-stake-in-ishares-gold-trust-nysearcaiau/3039526.html.

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.

Featured Article: Risk Tolerance and Your Investment Decisions

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU).

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

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.