Wealthspire Advisors LLC Acquires 1,584 Shares of iShares Gold Trust (NYSEARCA:IAU)

Wealthspire Advisors LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 26,265 shares of the exchange traded fund’s stock after acquiring an additional 1,584 shares during the period. Wealthspire Advisors LLC’s holdings in iShares Gold Trust were worth $1,154,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Private Ocean LLC acquired a new position in shares of iShares Gold Trust during the 1st quarter worth about $29,000. Pingora Partners LLC bought a new position in iShares Gold Trust during the 4th quarter worth approximately $31,000. Global Trust Asset Management LLC grew its holdings in iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust in the second quarter valued at approximately $31,000. Finally, YHB Investment Advisors Inc. bought a new stake in iShares Gold Trust in the first quarter valued at approximately $33,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $48.80 on Monday. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $48.85. The firm has a fifty day moving average of $46.42 and a 200-day moving average of $44.47.

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.