International Assets Investment Management LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 184,768 shares of the exchange traded fund’s stock, valued at approximately $7,211,000.
A number of other large investors also recently added to or reduced their stakes in IAU. Qube Research & Technologies Ltd purchased a new position in shares of iShares Gold Trust in the third quarter valued at about $26,000. Financial Freedom LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at about $30,000. North Star Investment Management Corp. increased its position in shares of iShares Gold Trust by 125.7% in the fourth quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 479 shares during the period. Chilton Capital Management LLC increased its position in shares of iShares Gold Trust by 162.8% in the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 542 shares during the period. Finally, Hibernia Wealth Partners LLC purchased a new position in shares of iShares Gold Trust in the third quarter valued at about $36,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
IAU stock opened at $44.30 on Monday. The firm’s 50-day moving average price is $40.51 and its two-hundred day moving average price is $38.67. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $45.98.
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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