iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Forbes J M & Co. LLP

Forbes J M & Co. LLP raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,395,586 shares of the exchange traded fund’s stock after buying an additional 11,375 shares during the quarter. iShares Gold Trust comprises about 6.7% of Forbes J M & Co. LLP’s portfolio, making the stock its biggest holding. Forbes J M & Co. LLP owned about 0.21% of iShares Gold Trust worth $69,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Apollon Wealth Management LLC boosted its holdings in iShares Gold Trust by 0.3% in the fourth quarter. Apollon Wealth Management LLC now owns 104,093 shares of the exchange traded fund’s stock valued at $5,154,000 after purchasing an additional 347 shares during the period. Apollon Financial LLC grew its position in shares of iShares Gold Trust by 10.2% in the 4th quarter. Apollon Financial LLC now owns 58,742 shares of the exchange traded fund’s stock valued at $2,908,000 after buying an additional 5,432 shares during the last quarter. Quattro Financial Advisors LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth about $203,000. BLB&B Advisors LLC acquired a new position in iShares Gold Trust during the fourth quarter worth approximately $252,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $194,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1 %

Shares of NYSEARCA:IAU opened at $53.97 on Friday. The company has a 50-day simple moving average of $50.71 and a 200-day simple moving average of $49.41. iShares Gold Trust has a one year low of $37.53 and a one year high of $54.48.

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.