iShares Gold Trust (NYSEARCA:IAU) Stake Raised by Forbes J M & Co. LLP

Forbes J M & Co. LLP grew its stake in iShares Gold Trust (NYSEARCA:IAUGet Rating) by 13.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,447,554 shares of the exchange traded fund’s stock after purchasing an additional 168,890 shares during the period. iShares Gold Trust comprises approximately 6.7% of Forbes J M & Co. LLP’s investment portfolio, making the stock its largest holding. Forbes J M & Co. LLP’s holdings in iShares Gold Trust were worth $53,313,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Valeo Financial Advisors LLC raised its stake in shares of iShares Gold Trust by 2.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 14,217 shares of the exchange traded fund’s stock worth $524,000 after buying an additional 280 shares during the period. Evergreen Capital Management LLC raised its stake in shares of iShares Gold Trust by 0.7% during the 4th quarter. Evergreen Capital Management LLC now owns 38,940 shares of the exchange traded fund’s stock worth $1,356,000 after buying an additional 284 shares during the period. Foster & Motley Inc. raised its stake in shares of iShares Gold Trust by 5.4% during the 1st quarter. Foster & Motley Inc. now owns 6,145 shares of the exchange traded fund’s stock worth $226,000 after buying an additional 317 shares during the period. Private Capital Group LLC raised its stake in shares of iShares Gold Trust by 21.5% during the 1st quarter. Private Capital Group LLC now owns 1,803 shares of the exchange traded fund’s stock worth $66,000 after buying an additional 319 shares during the period. Finally, Cadent Capital Advisors LLC raised its stake in shares of iShares Gold Trust by 0.7% during the 1st quarter. Cadent Capital Advisors LLC now owns 48,615 shares of the exchange traded fund’s stock worth $1,790,000 after buying an additional 326 shares during the period. Hedge funds and other institutional investors own 53.09% of the company’s stock.

iShares Gold Trust Stock Down 1.1 %

Shares of IAU stock opened at $33.68 on Friday. The stock has a 50 day simple moving average of $33.97 and a 200-day simple moving average of $35.30. iShares Gold Trust has a 1-year low of $32.20 and a 1-year high of $39.36.

iShares Gold Trust Company Profile

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

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