Morningstar Investment Services LLC Has $12.47 Million Stake in iShares Gold Trust (IAU)
Morningstar Investment Services LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,012,586 shares of the exchange traded fund’s stock after purchasing an additional 75,355 shares during the period. Morningstar Investment Services LLC owned about 0.13% of iShares Gold Trust worth $12,465,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Hanson McClain Inc. increased its holdings in iShares Gold Trust by 38.0% during the second quarter. Hanson McClain Inc. now owns 8,654 shares of the exchange traded fund’s stock worth $103,000 after buying an additional 2,382 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in iShares Gold Trust during the second quarter worth about $116,000. Advisory Services Network LLC increased its holdings in iShares Gold Trust by 1.4% during the second quarter. Advisory Services Network LLC now owns 9,759 shares of the exchange traded fund’s stock worth $117,000 after buying an additional 134 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in iShares Gold Trust during the second quarter worth about $122,000. Finally, Courage Miller Partners LLC purchased a new stake in iShares Gold Trust during the second quarter worth about $123,000.
iShares Gold Trust (IAU) traded up $0.12 during midday trading on Thursday, reaching $12.42. 16,405,100 shares of the company were exchanged, compared to its average volume of 8,391,953. iShares Gold Trust has a 1-year low of $10.81 and a 1-year high of $12.98.
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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.
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