Birch Hill Investment Advisors LLC Acquires Shares of 9,652 iShares Gold Trust $IAU

Birch Hill Investment Advisors LLC bought a new position in iShares Gold Trust (NYSEARCA:IAUFree Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 9,652 shares of the exchange traded fund’s stock, valued at approximately $702,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MTM Investment Management LLC purchased a new stake in iShares Gold Trust in the 2nd quarter valued at $25,000. Keener Financial Planning LLC acquired a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $25,000. Private Wealth Management Group LLC grew its holdings in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares during the period. Key Financial Inc acquired a new stake in iShares Gold Trust during the second quarter worth about $28,000. Finally, SOA Wealth Advisors LLC. raised its stake in iShares Gold Trust by 230.0% during the third quarter. SOA Wealth Advisors LLC. now owns 462 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $83.81 on Thursday. The firm has a 50 day simple moving average of $79.52 and a 200-day simple moving average of $71.76. The stock has a market cap of $70.64 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 1-year low of $50.01 and a 1-year high of $85.68.

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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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

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

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