Greenleaf Trust boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 24.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,931 shares of the exchange traded fund’s stock after buying an additional 1,923 shares during the quarter. Greenleaf Trust’s holdings in iShares Gold Trust were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Private Ocean LLC purchased a new position in shares of iShares Gold Trust in the first quarter valued at $29,000. Global Trust Asset Management LLC grew its stake in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in iShares Gold Trust during the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC acquired a new position in iShares Gold Trust during the second quarter worth about $34,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of iShares Gold Trust in the second quarter valued at about $35,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Price Performance
Shares of IAU opened at $51.80 on Friday. iShares Gold Trust has a 1-year low of $36.57 and a 1-year high of $51.92. The firm has a 50 day simple moving average of $49.09 and a 200-day simple moving average of $46.25.
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.
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