Signify Wealth Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Signify Wealth boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 64,680 shares of the exchange traded fund’s stock after purchasing an additional 6,373 shares during the period. iShares Gold Trust makes up about 3.9% of Signify Wealth’s holdings, making the stock its 16th biggest holding. Signify Wealth’s holdings in iShares Gold Trust were worth $3,215,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Norden Group LLC purchased a new position in shares of iShares Gold Trust in the first quarter worth $555,000. Whittier Trust Co. raised its stake in shares of iShares Gold Trust by 0.9% in the first quarter. Whittier Trust Co. now owns 75,735 shares of the exchange traded fund’s stock worth $3,181,000 after purchasing an additional 678 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in iShares Gold Trust by 21.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 77,477 shares of the exchange traded fund’s stock valued at $3,254,000 after buying an additional 13,494 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in iShares Gold Trust by 0.4% in the 1st quarter. Proficio Capital Partners LLC now owns 2,099,813 shares of the exchange traded fund’s stock worth $88,213,000 after buying an additional 8,443 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in iShares Gold Trust by 1.1% in the 1st quarter. Rehmann Capital Advisory Group now owns 186,992 shares of the exchange traded fund’s stock valued at $7,856,000 after acquiring an additional 2,018 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock traded up $0.19 during trading hours on Monday, hitting $51.81. The company had a trading volume of 310,343 shares, compared to its average volume of 5,915,578. The company’s fifty day moving average is $49.56 and its 200 day moving average is $46.53. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $52.69.

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.