Sequoia Financial Advisors LLC Purchases Shares of 13,950 iShares Gold Trust (NYSEARCA:IAU)

Sequoia Financial Advisors LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, Holdings Channel.com reports. The fund acquired 13,950 shares of the exchange traded fund’s stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IAU. Qube Research & Technologies Ltd acquired a new position in shares of iShares Gold Trust in the third quarter valued at approximately $26,000. Financial Freedom LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $30,000. North Star Investment Management Corp. grew 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 purchasing an additional 479 shares during the period. Chilton Capital Management LLC increased its stake in 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 purchasing an additional 542 shares during the last quarter. Finally, Hibernia Wealth Partners LLC acquired a new stake in iShares Gold Trust in the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1 %

NYSEARCA IAU opened at $45.20 on Wednesday. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $45.98. The company has a 50-day moving average of $40.78 and a 200-day moving average of $38.81.

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.