Norden Group LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Norden Group LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,209 shares of the exchange traded fund’s stock, valued at approximately $555,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Advisors lifted its holdings in shares of iShares Gold Trust by 3.7% in the fourth quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock worth $818,000 after buying an additional 754 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in iShares Gold Trust by 203.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after purchasing an additional 13,101 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in iShares Gold Trust in the fourth quarter valued at approximately $544,000. Geneos Wealth Management Inc. raised its stake in iShares Gold Trust by 10.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after purchasing an additional 282 shares in the last quarter. Finally, Southland Equity Partners LLC raised its stake in iShares Gold Trust by 21.8% in the first quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock valued at $373,000 after purchasing an additional 1,590 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU stock opened at $45.15 on Monday. iShares Gold Trust has a one year low of $34.35 and a one year high of $46.08. The company’s 50 day moving average price is $44.22 and its two-hundred day moving average price is $41.67.

iShares Gold Trust Company Profile

(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.

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

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