iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Confluence Investment Management LLC

Confluence Investment Management LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,685 shares of the exchange traded fund’s stock after purchasing an additional 385 shares during the period. Confluence Investment Management LLC’s holdings in iShares Gold Trust were worth $601,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC purchased a new position in iShares Gold Trust during the fourth quarter worth approximately $28,000. Private Ocean LLC acquired a new position in shares of iShares Gold Trust during the first quarter valued at approximately $29,000. Pingora Partners LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $31,000. Signature Resources Capital Management LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $32,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust during the first quarter valued at approximately $33,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded down $0.65 during mid-day trading on Monday, reaching $45.40. 8,160,301 shares of the stock traded hands, compared to its average volume of 6,120,108. The business has a 50-day moving average of $44.67 and a 200 day moving average of $42.63. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $46.93.

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.