Spinnaker Trust Boosts Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Spinnaker Trust grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 417,654 shares of the exchange traded fund’s stock after acquiring an additional 7,590 shares during the quarter. iShares Gold Trust accounts for approximately 1.3% of Spinnaker Trust’s portfolio, making the stock its 17th largest holding. Spinnaker Trust owned about 0.06% of iShares Gold Trust worth $20,678,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of IAU. Quadrature Capital Ltd bought a new stake in iShares Gold Trust in the 3rd quarter valued at about $95,801,000. JPMorgan Chase & Co. raised its stake in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the period. Park Avenue Securities LLC raised its stake in iShares Gold Trust by 6,538.7% in the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after acquiring an additional 672,568 shares during the period. Kovitz Investment Group Partners LLC raised its stake in iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after acquiring an additional 666,330 shares during the period. Finally, Parker Investment Management LLC bought a new stake in iShares Gold Trust in the 3rd quarter valued at about $26,050,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 1.5 %

Shares of IAU opened at $54.46 on Friday. The business’s 50-day moving average price is $51.19 and its 200-day moving average price is $49.74. iShares Gold Trust has a twelve month low of $37.76 and a twelve month high of $55.29.

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.