Fiduciary Trust Co grew its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 91,804 shares of the exchange traded fund’s stock after purchasing an additional 2,640 shares during the period. Fiduciary Trust Co’s holdings in iShares Gold Trust were worth $4,563,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Archer Investment Corp boosted its position in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in iShares Gold Trust during the second quarter valued at $31,000. Opal Wealth Advisors LLC purchased a new position in iShares Gold Trust in the second quarter valued at $34,000. Finally, Pacifica Partners Inc. acquired a new position in shares of iShares Gold Trust in the second quarter worth about $35,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
NYSEARCA:IAU opened at $49.78 on Friday. iShares Gold Trust has a 52 week low of $37.40 and a 52 week high of $52.69. The stock’s 50-day moving average price is $50.39 and its 200-day moving average price is $47.27.
About iShares Gold Trust
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.
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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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