Sovran Advisors LLC Invests $778,000 in iShares Gold Trust (NYSEARCA:IAU)

Sovran Advisors LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,392 shares of the exchange traded fund’s stock, valued at approximately $778,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IAU. TCP Asset Management LLC grew its position in shares of iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after acquiring an additional 195 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 212 shares during the period. Baker Avenue Asset Management LP increased its position in iShares Gold Trust by 2.9% during the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 215 shares during the period. Finally, Avaii Wealth Management LLC lifted its position in shares of iShares Gold Trust by 1.7% in the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.3 %

Shares of NYSEARCA IAU opened at $54.69 on Wednesday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $54.94. The stock has a 50 day moving average of $50.88 and a 200-day moving average of $49.60.

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.