Rathbones Group PLC Acquires 4,405 Shares of iShares Gold Trust (NYSEARCA:IAU)

Rathbones Group PLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 71,235 shares of the exchange traded fund’s stock after acquiring an additional 4,405 shares during the period. Rathbones Group PLC’s holdings in iShares Gold Trust were worth $3,129,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Private Ocean LLC acquired a new stake in iShares Gold Trust during the first quarter valued at approximately $29,000. Global Trust Asset Management LLC boosted its stake in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust in the second quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new position in iShares Gold Trust during the second quarter worth $34,000. Finally, Pingora Partners LLC acquired a new position in iShares Gold Trust during the fourth quarter worth $31,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $48.80 on Monday. The company’s fifty day moving average is $46.42 and its 200-day moving average is $44.47. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $48.85.

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.