1620 Investment Advisors Inc. Purchases New Shares in iShares Gold Trust (NYSEARCA:IAU)

1620 Investment Advisors Inc. purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 708 shares of the exchange traded fund’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IAU. Southland Equity Partners LLC grew its holdings in shares of iShares Gold Trust by 21.8% during the 1st quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock worth $373,000 after purchasing an additional 1,590 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of iShares Gold Trust by 8.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock valued at $1,034,000 after buying an additional 1,830 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of iShares Gold Trust by 5.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 436 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of iShares Gold Trust by 4.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 14,297 shares of the exchange traded fund’s stock valued at $558,000 after purchasing an additional 579 shares during the last quarter. Finally, AMG National Trust Bank lifted its stake in iShares Gold Trust by 9.3% in the 4th quarter. AMG National Trust Bank now owns 238,798 shares of the exchange traded fund’s stock valued at $9,320,000 after purchasing an additional 20,255 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock traded down $0.58 during trading hours on Thursday, hitting $46.88. The stock had a trading volume of 3,311,781 shares, compared to its average volume of 6,299,279. The business’s 50 day simple moving average is $45.33 and its 200-day simple moving average is $43.35. iShares Gold Trust has a one year low of $34.35 and a one year high of $47.83.

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.