Bigelow Investment Advisors LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,291 shares of the exchange traded fund’s stock after buying an additional 10,013 shares during the quarter. iShares Gold Trust makes up about 2.4% of Bigelow Investment Advisors LLC’s portfolio, making the stock its 8th biggest position. Bigelow Investment Advisors LLC’s holdings in iShares Gold Trust were worth $5,283,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of IAU. Private Ocean LLC purchased a new stake in iShares Gold Trust in the first quarter worth $29,000. Global Trust Asset Management LLC increased its stake in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 500 shares during the period. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust during the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC purchased a new stake in iShares Gold Trust in the 2nd quarter valued at about $34,000. Finally, Pacifica Partners Inc. bought a new position in iShares Gold Trust in the 2nd quarter worth about $35,000. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Stock Up 1.0 %
iShares Gold Trust stock opened at $51.37 on Friday. The company has a 50 day moving average price of $48.59 and a 200-day moving average price of $45.99. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $51.41.
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.
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