SeaCrest Wealth Management LLC Raises Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

SeaCrest Wealth Management LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.2% in the first quarter, HoldingsChannel.com reports. The fund owned 8,638 shares of the exchange traded fund’s stock after acquiring an additional 351 shares during the period. SeaCrest Wealth Management LLC’s holdings in iShares Gold Trust were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of iShares Gold Trust by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock valued at $56,260,000 after acquiring an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $442,000. Sanchez Wealth Management Group purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $228,000. JPMorgan Chase & Co. increased its position in shares of iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the last quarter. Finally, Betterment LLC increased its position in shares of iShares Gold Trust by 1.8% during the fourth quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after acquiring an additional 199 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 1.3%

Shares of IAU opened at $62.47 on Friday. The company has a market capitalization of $45.98 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12. The stock has a 50 day moving average of $61.52 and a 200 day moving average of $55.77. iShares Gold Trust has a 12 month low of $43.35 and a 12 month high of $64.98.

iShares Gold Trust 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.