Spinnaker Trust Has $16.19 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Spinnaker Trust lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 414,871 shares of the exchange traded fund’s stock after purchasing an additional 14,649 shares during the quarter. iShares Gold Trust accounts for 1.1% of Spinnaker Trust’s holdings, making the stock its 19th biggest holding. Spinnaker Trust owned approximately 0.06% of iShares Gold Trust worth $16,192,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Redhawk Wealth Advisors Inc. grew its holdings in shares of iShares Gold Trust by 2.4% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 11,390 shares of the exchange traded fund’s stock worth $445,000 after purchasing an additional 262 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of iShares Gold Trust by 0.7% during the 3rd quarter. Ieq Capital LLC now owns 41,123 shares of the exchange traded fund’s stock worth $1,439,000 after purchasing an additional 266 shares in the last quarter. Asset Dedication LLC grew its holdings in shares of iShares Gold Trust by 2.5% during the 3rd quarter. Asset Dedication LLC now owns 11,334 shares of the exchange traded fund’s stock worth $396,000 after purchasing an additional 278 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of iShares Gold Trust by 10.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 282 shares in the last quarter. Finally, First Financial Corp IN grew its holdings in shares of iShares Gold Trust by 19.9% during the 4th quarter. First Financial Corp IN now owns 1,715 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 285 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU traded up $0.15 during trading hours on Friday, hitting $44.26. 6,147,259 shares of the company were exchanged, compared to its average volume of 6,850,799. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $45.98. The firm’s fifty day moving average is $41.78 and its 200 day moving average is $39.29.

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.