Private Advisor Group LLC Purchases 19,185 Shares of iShares Gold Trust (NYSEARCA:IAU)

Private Advisor Group LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 163,738 shares of the exchange traded fund’s stock after buying an additional 19,185 shares during the quarter. Private Advisor Group LLC’s holdings in iShares Gold Trust were worth $8,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagstar Advisors Inc. raised its holdings in 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 purchasing an additional 6,839 shares in the last quarter. Financial Management Network Inc. raised its holdings 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 worth $3,606,000 after purchasing an additional 2,745 shares in the last quarter. Global Retirement Partners LLC raised its holdings in iShares Gold Trust by 17.1% in the 4th quarter. Global Retirement Partners LLC now owns 31,470 shares of the exchange traded fund’s stock worth $1,558,000 after purchasing an additional 4,590 shares in the last quarter. Bigelow Investment Advisors LLC raised its holdings in iShares Gold Trust by 14.4% in the 4th quarter. Bigelow Investment Advisors LLC now owns 121,645 shares of the exchange traded fund’s stock worth $6,023,000 after purchasing an additional 15,354 shares in the last quarter. Finally, Plan Group Financial LLC raised its holdings in iShares Gold Trust by 3.9% in the 4th quarter. Plan Group Financial LLC now owns 44,558 shares of the exchange traded fund’s stock worth $2,206,000 after purchasing an additional 1,690 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $55.39 on Friday. iShares Gold Trust has a 12 month low of $38.21 and a 12 month high of $55.60. The firm has a fifty day simple moving average of $51.64 and a two-hundred day simple moving average of $50.06.

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.