Spinnaker Trust Raises Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Spinnaker Trust lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,654 shares of the exchange traded fund’s stock after purchasing an additional 7,590 shares during the quarter. iShares Gold Trust accounts for approximately 1.3% of Spinnaker Trust’s portfolio, making the stock its 17th largest position. Spinnaker Trust’s holdings in iShares Gold Trust were worth $20,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of IAU. Compass Financial Services Inc purchased a new stake in iShares Gold Trust in the fourth quarter worth approximately $27,000. Archer Investment Corp boosted its stake in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares in the last quarter. Financial Life Planners purchased a new stake in iShares Gold Trust in the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $54.46 on Friday. iShares Gold Trust has a fifty-two week low of $37.76 and a fifty-two week high of $55.29. The business has a 50 day moving average price of $51.19 and a 200-day moving average price of $49.74.

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.