Silver Oak Securities Incorporated Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Silver Oak Securities Incorporated raised its position in iShares Gold Trust (NYSEARCA:IAU) by 259.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,801 shares of the exchange traded fund’s stock after purchasing an additional 56,853 shares during the quarter. Silver Oak Securities Incorporated’s holdings in iShares Gold Trust were worth $3,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of iShares Gold Trust by 0.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock worth $841,983,000 after acquiring an additional 121,364 shares during the period. Charles Schwab Investment Advisory Inc. increased its position in shares of iShares Gold Trust by 1.0% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 20,597,212 shares of the exchange traded fund’s stock worth $720,696,000 after acquiring an additional 199,531 shares during the period. Empower Advisory Group LLC increased its position in shares of iShares Gold Trust by 2.6% during the third quarter. Empower Advisory Group LLC now owns 14,357,348 shares of the exchange traded fund’s stock worth $502,364,000 after acquiring an additional 366,559 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares Gold Trust by 58.9% during the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after acquiring an additional 3,815,686 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of iShares Gold Trust by 13.6% during the third quarter. HighTower Advisors LLC now owns 4,792,681 shares of the exchange traded fund’s stock worth $167,556,000 after acquiring an additional 573,424 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU traded up $0.15 during midday trading on Friday, reaching $44.26. 6,147,489 shares of the company’s stock traded hands, compared to its average volume of 10,899,878. The stock’s 50 day simple moving average is $41.78 and its 200-day simple moving average is $39.32. iShares Gold Trust has a one year low of $34.35 and a one year 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.