Whittier Trust Co. Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Whittier Trust Co. increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.9% in the first quarter, Holdings Channel reports. The institutional investor owned 75,735 shares of the exchange traded fund’s stock after acquiring an additional 678 shares during the period. Whittier Trust Co.’s holdings in iShares Gold Trust were worth $3,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Sense Advisors Inc. lifted its holdings in shares of iShares Gold Trust by 0.4% in the 1st quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after acquiring an additional 230 shares during the last quarter. Pettinga Financial Advisors LLC lifted its stake in iShares Gold Trust by 2.5% in the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after purchasing an additional 245 shares during the last quarter. Spire Wealth Management boosted its position in shares of iShares Gold Trust by 1.2% during the first quarter. Spire Wealth Management now owns 21,289 shares of the exchange traded fund’s stock valued at $894,000 after buying an additional 257 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in shares of iShares Gold Trust by 2.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 11,390 shares of the exchange traded fund’s stock valued at $445,000 after buying an additional 262 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in shares of iShares Gold Trust by 2.0% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock worth $541,000 after buying an additional 277 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU traded up $0.06 during trading hours on Tuesday, reaching $44.66. 3,015,244 shares of the company’s stock traded hands, compared to its average volume of 6,284,997. The firm has a 50-day moving average price of $44.23 and a 200 day moving average price of $41.71. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $46.08.

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.