Lane & Associates LLC Invests $354,000 in iShares Gold Trust (NYSEARCA:IAU)

Lane & Associates LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,687 shares of the exchange traded fund’s stock, valued at approximately $354,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCP Asset Management LLC grew its holdings in iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after purchasing an additional 195 shares during the period. Quadrant Private Wealth Management LLC grew its holdings in iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 195 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in shares of 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 valued at $850,000 after buying an additional 212 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of 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 valued at $374,000 after buying an additional 215 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of iShares Gold Trust by 2.7% during 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 last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.0 %

Shares of NYSEARCA IAU opened at $55.44 on Friday. The company has a 50-day moving average price of $51.64 and a 200-day moving average price of $50.06. iShares Gold Trust has a 1 year low of $38.21 and a 1 year high of $55.60.

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.