GeoWealth Management LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 31.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,247 shares of the exchange traded fund’s stock after purchasing an additional 2,719 shares during the period. GeoWealth Management LLC’s holdings in iShares Gold Trust were worth $409,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Avidian Wealth Solutions LLC raised its position in shares of iShares Gold Trust by 4.0% in the 1st quarter. Avidian Wealth Solutions LLC now owns 7,240 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 278 shares in the last quarter. Simmons Bank raised its holdings in iShares Gold Trust by 0.9% in the second quarter. Simmons Bank now owns 33,486 shares of the exchange traded fund’s stock valued at $1,219,000 after acquiring an additional 310 shares in the last quarter. Private Trust Co. NA boosted its stake in iShares Gold Trust by 1.4% during the 2nd quarter. Private Trust Co. NA now owns 24,082 shares of the exchange traded fund’s stock valued at $876,000 after acquiring an additional 325 shares during the last quarter. IFG Advisory LLC boosted its stake in iShares Gold Trust by 2.0% during the 2nd quarter. IFG Advisory LLC now owns 16,995 shares of the exchange traded fund’s stock valued at $618,000 after acquiring an additional 327 shares during the last quarter. Finally, Crescent Grove Advisors LLC grew its holdings in iShares Gold Trust by 0.4% during the 2nd quarter. Crescent Grove Advisors LLC now owns 79,994 shares of the exchange traded fund’s stock worth $2,911,000 after acquiring an additional 343 shares in the last quarter. 58.45% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Performance
Shares of iShares Gold Trust stock opened at $37.44 on Tuesday. iShares Gold Trust has a 1 year low of $32.88 and a 1 year high of $39.04. The firm’s 50-day simple moving average is $36.51 and its 200-day simple moving average is $36.73.
iShares Gold Trust Company 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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