Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Holdings in iShares Gold Trust (NYSEARCA:IAU)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 43,414 shares of the exchange traded fund’s stock after purchasing an additional 1,936 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in iShares Gold Trust were worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of iShares Gold Trust by 8.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock valued at $1,034,000 after buying an additional 1,830 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of iShares Gold Trust by 5.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock valued at $330,000 after buying an additional 436 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of iShares Gold Trust by 13.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock valued at $145,000 after buying an additional 396 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after buying an additional 479,796 shares during the last quarter. Finally, Whittier Trust Co. lifted its position in shares of iShares Gold Trust by 0.9% during the 1st quarter. Whittier Trust Co. now owns 75,735 shares of the exchange traded fund’s stock valued at $3,181,000 after buying an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU traded down $0.02 during midday trading on Monday, reaching $51.78. 345,668 shares of the company traded hands, compared to its average volume of 5,895,051. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $51.92. The firm’s fifty day moving average price is $49.09 and its two-hundred day moving average price is $46.28.

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.