Bleakley Financial Group LLC Has $542,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Bleakley Financial Group LLC grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,884 shares of the exchange traded fund’s stock after purchasing an additional 323 shares during the period. Bleakley Financial Group LLC’s holdings in iShares Gold Trust were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its position in iShares Gold Trust by 413,629.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 28,998,294 shares of the exchange traded fund’s stock worth $1,003,051,000 after buying an additional 28,991,285 shares during the period. Morgan Stanley boosted its position in iShares Gold Trust by 3.2% during the 4th quarter. Morgan Stanley now owns 22,233,703 shares of the exchange traded fund’s stock worth $769,064,000 after buying an additional 694,430 shares during the period. Charles Schwab Investment Advisory Inc. boosted its position in iShares Gold Trust by 1.4% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 21,165,835 shares of the exchange traded fund’s stock worth $779,537,000 after buying an additional 292,574 shares during the period. Empower Advisory Group LLC boosted its position in iShares Gold Trust by 2.6% during the 3rd quarter. Empower Advisory Group LLC now owns 14,357,348 shares of the exchange traded fund’s stock worth $502,364,000 after buying an additional 366,559 shares during the period. Finally, Wells Fargo & Company MN boosted its position in iShares Gold Trust by 7.5% during the 2nd quarter. Wells Fargo & Company MN now owns 11,869,048 shares of the exchange traded fund’s stock worth $431,915,000 after buying an additional 828,022 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 1.3 %

NYSEARCA:IAU opened at $44.30 on Friday. The firm’s 50 day simple moving average is $40.51 and its 200 day simple moving average is $38.65. iShares Gold Trust has a one year low of $34.35 and a one year high of $45.98.

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.