Lesa Sroufe & Co Acquires New Shares in iShares Gold Trust (NYSEARCA:IAU)

Lesa Sroufe & Co acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the first quarter, according to its most recent filing with the SEC. The fund acquired 5,025 shares of the exchange traded fund’s stock, valued at approximately $211,000.

A number of other hedge funds have also bought and sold shares of IAU. ORG Partners LLC purchased a new position in iShares Gold Trust in the 4th quarter worth $28,000. Private Ocean LLC purchased a new position in shares of iShares Gold Trust in the first quarter valued at about $29,000. Pingora Partners LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at about $31,000. Signature Resources Capital Management LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at about $32,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of iShares Gold Trust during the first quarter valued at about $33,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU traded up $0.80 during midday trading on Thursday, hitting $45.63. 5,304,403 shares of the company traded hands, compared to its average volume of 6,260,864. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $46.08. The stock has a 50-day moving average price of $44.28 and a 200 day moving average price of $41.77.

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.