iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Wealth Alliance

Wealth Alliance raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,134 shares of the exchange traded fund’s stock after buying an additional 17,836 shares during the period. iShares Gold Trust makes up approximately 0.7% of Wealth Alliance’s holdings, making the stock its 23rd largest holding. Wealth Alliance’s holdings in iShares Gold Trust were worth $5,552,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Sense Advisors Inc. grew its holdings in shares of iShares Gold Trust by 3.5% in the 4th quarter. Financial Sense Advisors Inc. now owns 68,171 shares of the exchange traded fund’s stock worth $3,375,000 after acquiring an additional 2,288 shares during the period. Bryn Mawr Capital Management LLC increased its position in shares of iShares Gold Trust by 1,919.6% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 234,595 shares of the exchange traded fund’s stock valued at $11,615,000 after buying an additional 222,979 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of iShares Gold Trust by 13.3% during the 4th quarter. Private Advisor Group LLC now owns 163,738 shares of the exchange traded fund’s stock worth $8,107,000 after buying an additional 19,185 shares during the last quarter. Flagstar Advisors Inc. boosted its position in shares of iShares Gold Trust by 7.2% in the 4th quarter. Flagstar Advisors Inc. now owns 102,488 shares of the exchange traded fund’s stock worth $5,074,000 after buying an additional 6,839 shares in the last quarter. Finally, Financial Management Network Inc. grew its stake in iShares Gold Trust by 3.9% in the 4th quarter. Financial Management Network Inc. now owns 72,417 shares of the exchange traded fund’s stock valued at $3,606,000 after acquiring an additional 2,745 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $55.42 on Thursday. iShares Gold Trust has a twelve month low of $38.21 and a twelve month high of $55.49. The firm has a 50-day moving average price of $51.46 and a two-hundred day moving average price of $49.98.

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.