iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 43.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,449 shares of the exchange traded fund’s stock after acquiring an additional 2,255 shares during the period. Galvin Gaustad & Stein LLC’s holdings in iShares Gold Trust were worth $369,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its position in shares of iShares Gold Trust by 6.3% in the 4th quarter. Avior Wealth Management LLC now owns 52,311 shares of the exchange traded fund’s stock worth $2,590,000 after buying an additional 3,098 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in iShares Gold Trust during the 4th quarter valued at about $435,000. Raleigh Capital Management Inc. increased its stake in iShares Gold Trust by 15,750.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock valued at $63,000 after buying an additional 1,260 shares during the period. Mutual Advisors LLC increased its stake in iShares Gold Trust by 30.8% during the 4th quarter. Mutual Advisors LLC now owns 141,356 shares of the exchange traded fund’s stock valued at $7,244,000 after buying an additional 33,295 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in iShares Gold Trust by 136.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 811,127 shares of the exchange traded fund’s stock valued at $40,159,000 after buying an additional 467,948 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $51.76 on Thursday. The company’s 50-day moving average price is $50.02 and its two-hundred day moving average price is $48.88. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69.

iShares Gold Trust Company 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.