Huntington National Bank Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Huntington National Bank increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,872 shares of the exchange traded fund’s stock after buying an additional 910 shares during the quarter. Huntington National Bank’s holdings in iShares Gold Trust were worth $10,292,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Intrepid Capital Management Inc. boosted its position in iShares Gold Trust by 43.9% in the fourth quarter. Intrepid Capital Management Inc. now owns 67,598 shares of the exchange traded fund’s stock valued at $3,347,000 after buying an additional 20,611 shares during the last quarter. RFG Bristol Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $1,124,000. Wisconsin Capital Management LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $320,000. Allie Family Office LLC increased its stake in shares of iShares Gold Trust by 3.5% in the fourth quarter. Allie Family Office LLC now owns 79,560 shares of the exchange traded fund’s stock worth $3,939,000 after acquiring an additional 2,676 shares during the period. Finally, Potomac Fund Management Inc. ADV purchased a new position in shares of iShares Gold Trust during the fourth quarter worth $577,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $58.95 on Thursday. The firm’s fifty day moving average is $55.19 and its two-hundred day moving average is $51.94. The firm has a market cap of $42.59 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a one year low of $42.96 and a one year high of $59.55.

iShares Gold Trust 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.