Avestar Capital LLC Has $4.49 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Avestar Capital LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 71.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,627 shares of the exchange traded fund’s stock after acquiring an additional 37,821 shares during the quarter. Avestar Capital LLC’s holdings in iShares Gold Trust were worth $4,487,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. TCP Asset Management LLC raised its holdings in iShares Gold Trust by 3.0% during the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after acquiring an additional 195 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 212 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 215 shares during the last quarter. Finally, Avaii Wealth Management LLC increased its holdings in iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1 %

NYSEARCA IAU opened at $54.75 on Thursday. The firm’s fifty day moving average price is $50.98 and its two-hundred day moving average price is $49.66. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $54.94.

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.