iShares Gold Trust (NYSEARCA:IAU) Position Boosted by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.8% during the first quarter, Holdings Channel.com reports. The firm owned 86,520 shares of the exchange traded fund’s stock after buying an additional 3,164 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in iShares Gold Trust were worth $5,100,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC acquired a new stake in iShares Gold Trust during the first quarter valued at $27,000. BankPlus Trust Department purchased a new stake in shares of iShares Gold Trust during the 1st quarter worth about $27,000. Dunhill Financial LLC lifted its holdings in shares of iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares during the last quarter. Tucker Asset Management LLC lifted its holdings in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 263 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $28,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $62.78 on Wednesday. The company has a market capitalization of $47.43 billion, a P/E ratio of 5.53 and a beta of 0.15. The stock’s 50 day moving average price is $62.70 and its 200 day moving average price is $58.24. iShares Gold Trust has a 52 week low of $44.46 and a 52 week high of $65.00.

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.