Wealthspire Advisors LLC raised its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,265 shares of the exchange traded fund’s stock after buying an additional 1,584 shares during the period. Wealthspire Advisors LLC’s holdings in iShares Gold Trust were worth $1,154,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Private Ocean LLC bought a new position in shares of iShares Gold Trust in the first quarter valued at about $29,000. Pingora Partners LLC acquired a new stake in iShares Gold Trust in the 4th quarter valued at about $31,000. Global Trust Asset Management LLC raised its stake in shares of iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust during the second quarter worth approximately $31,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust during the first quarter worth approximately $33,000. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Price Performance
Shares of iShares Gold Trust stock opened at $48.80 on Monday. The firm has a 50 day simple moving average of $46.42 and a 200 day simple moving average of $44.47. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $48.85.
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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