Farther Finance Advisors LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 52.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,279 shares of the exchange traded fund’s stock after acquiring an additional 8,704 shares during the period. Farther Finance Advisors LLC’s holdings in iShares Gold Trust were worth $1,114,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Private Ocean LLC acquired a new position in iShares Gold Trust during the 1st quarter worth about $29,000. Global Trust Asset Management LLC lifted its stake in shares of iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $34,000. Finally, Pingora Partners LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at about $31,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of NYSEARCA:IAU opened at $47.28 on Monday. The business’s 50-day moving average is $45.74 and its 200-day moving average is $43.77. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $47.83.
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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