HighTower Advisors LLC Has $178.67 Million Position in iShares Gold Trust (NYSEARCA:IAU)

HighTower Advisors LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,608,675 shares of the exchange traded fund’s stock after selling 162,147 shares during the period. HighTower Advisors LLC owned 0.54% of iShares Gold Trust worth $178,666,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Baker Avenue Asset Management LP increased its position in iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of iShares Gold Trust in the 3rd quarter valued at approximately $165,000. Patten & Patten Inc. TN grew its stake in shares of iShares Gold Trust by 5.9% in the 3rd quarter. Patten & Patten Inc. TN now owns 9,545 shares of the exchange traded fund’s stock valued at $474,000 after buying an additional 532 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of iShares Gold Trust by 21.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 21,013 shares of the exchange traded fund’s stock valued at $1,044,000 after buying an additional 3,667 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of iShares Gold Trust by 7.0% in the 3rd quarter. Harbour Investments Inc. now owns 46,600 shares of the exchange traded fund’s stock valued at $2,316,000 after buying an additional 3,053 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $55.07 on Wednesday. The stock has a market cap of $37.37 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. The business has a 50 day simple moving average of $53.04 and a 200 day simple moving average of $50.88. iShares Gold Trust has a 52 week low of $40.64 and a 52 week high of $55.70.

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.