Prentiss Smith & Co. Inc. Invests $211,000 in iShares Gold Trust (NYSEARCA:IAU)

Prentiss Smith & Co. Inc. bought a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,414 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. PFG Advisors boosted its holdings in iShares Gold Trust by 3.7% in the fourth quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock valued at $818,000 after purchasing an additional 754 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in iShares Gold Trust by 203.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after purchasing an additional 13,101 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in iShares Gold Trust by 6.7% in the third quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock valued at $3,482,000 after purchasing an additional 6,263 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at about $544,000. Finally, Geneos Wealth Management Inc. boosted its holdings in iShares Gold Trust by 10.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after purchasing an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6 %

NYSEARCA:IAU traded up $0.25 during trading hours on Thursday, reaching $44.11. 8,197,347 shares of the stock were exchanged, compared to its average volume of 6,860,891. The firm has a 50 day simple moving average of $41.54 and a 200-day simple moving average of $39.20. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $45.98.

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.