Allworth Financial LP Grows Position in iShares Gold Trust (NYSEARCA:IAU)

Allworth Financial LP raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 29.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 266,862 shares of the exchange traded fund’s stock after acquiring an additional 61,324 shares during the period. Allworth Financial LP’s holdings in iShares Gold Trust were worth $13,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Principal Securities Inc. boosted its holdings in shares of iShares Gold Trust by 46.6% in the fourth quarter. Principal Securities Inc. now owns 21,307 shares of the exchange traded fund’s stock worth $1,055,000 after acquiring an additional 6,775 shares during the period. Ellis Investment Partners LLC lifted its holdings in iShares Gold Trust by 1.6% during the 4th quarter. Ellis Investment Partners LLC now owns 16,357 shares of the exchange traded fund’s stock worth $810,000 after purchasing an additional 257 shares in the last quarter. Scarborough Advisors LLC bought a new position in iShares Gold Trust in the 4th quarter worth about $1,764,000. Spinnaker Trust grew its holdings in iShares Gold Trust by 1.9% during the 4th quarter. Spinnaker Trust now owns 417,654 shares of the exchange traded fund’s stock valued at $20,678,000 after buying an additional 7,590 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC increased its position in shares of iShares Gold Trust by 2.3% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after buying an additional 195 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $54.46 on Monday. The firm has a 50 day moving average of $51.28 and a 200-day moving average of $49.83. iShares Gold Trust has a 12 month low of $37.76 and a 12 month high of $55.29.

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.