Sovran Advisors LLC Has $5.40 Million Holdings in iShares Gold Trust $IAU

Sovran Advisors LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 50.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,307 shares of the exchange traded fund’s stock after acquiring an additional 23,785 shares during the period. Sovran Advisors LLC’s holdings in iShares Gold Trust were worth $5,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of IAU. MTM Investment Management LLC bought a new position in iShares Gold Trust in the second quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of iShares Gold Trust in the third quarter valued at approximately $29,000. Keener Financial Planning LLC bought a new stake in shares of iShares Gold Trust in the second quarter worth $25,000. Private Wealth Management Group LLC boosted its holdings in iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares during the last quarter. Finally, Key Financial Inc bought a new position in iShares Gold Trust in the second quarter valued at $28,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $93.79 on Monday. The company’s 50-day moving average price is $82.31 and its two-hundred day moving average price is $73.95. iShares Gold Trust has a one year low of $51.52 and a one year high of $93.95. The stock has a market capitalization of $79.13 billion, a PE ratio of 5.53 and a beta of 0.09.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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