iShares Gold Trust (NYSEARCA:IAU) Shares Bought by RiverGlades Family Offices LLC

RiverGlades Family Offices LLC boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 90,097 shares of the exchange traded fund’s stock after acquiring an additional 375 shares during the quarter. iShares Gold Trust accounts for approximately 3.1% of RiverGlades Family Offices LLC’s portfolio, making the stock its 8th largest position. RiverGlades Family Offices LLC’s holdings in iShares Gold Trust were worth $3,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. acquired a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $30,021,000. Hsbc Holdings PLC increased its stake in iShares Gold Trust by 713.8% in the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after purchasing an additional 665,653 shares in the last quarter. Cetera Investment Advisers raised its holdings in iShares Gold Trust by 545.9% in the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after purchasing an additional 586,652 shares during the period. Bank of New York Mellon Corp boosted its position in shares of iShares Gold Trust by 66.2% during the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after purchasing an additional 581,671 shares in the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in shares of iShares Gold Trust in the 1st quarter valued at $24,048,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Up 1.3 %

Shares of iShares Gold Trust stock opened at $49.52 on Friday. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $49.60. The stock’s fifty day simple moving average is $46.79 and its 200 day simple moving average is $44.72.

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.