Wynn Capital LLC Invests $259,000 in iShares Gold Trust (NYSEARCA:IAU)

Wynn Capital LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 6,646 shares of the exchange traded fund’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IAU. ORG Partners LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $28,000. North Star Investment Management Corp. lifted its position in shares of iShares Gold Trust by 125.7% during the 4th quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 479 shares during the period. Chilton Capital Management LLC lifted its position in shares of iShares Gold Trust by 162.8% during the 4th quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 542 shares during the period. GAMMA Investing LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter valued at $38,000. Finally, Tompkins Financial Corp acquired a new position in shares of iShares Gold Trust during the 4th quarter valued at $57,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock traded up $0.18 during midday trading on Thursday, reaching $44.04. 5,644,849 shares of the company’s stock traded hands, compared to its average volume of 6,826,257. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $45.98. The firm’s fifty day moving average price is $41.54 and its 200-day moving average price is $39.20.

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.