Janney Montgomery Scott LLC Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Janney Montgomery Scott LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 136.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 811,127 shares of the exchange traded fund’s stock after acquiring an additional 467,948 shares during the period. Janney Montgomery Scott LLC owned 0.12% of iShares Gold Trust worth $40,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in IAU. Insigneo Advisory Services LLC purchased a new position in shares of iShares Gold Trust during the second quarter worth approximately $1,113,000. AQR Capital Management LLC purchased a new position in iShares Gold Trust during the 2nd quarter worth $683,000. Smith Thornton Advisors LLC acquired a new position in iShares Gold Trust in the second quarter valued at $2,154,000. Arkos Global Advisors raised its holdings in shares of iShares Gold Trust by 8.5% in the second quarter. Arkos Global Advisors now owns 213,859 shares of the exchange traded fund’s stock valued at $9,395,000 after buying an additional 16,760 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in shares of iShares Gold Trust by 0.7% during the second quarter. SkyView Investment Advisors LLC now owns 484,854 shares of the exchange traded fund’s stock worth $21,300,000 after buying an additional 3,177 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $51.98 on Friday. The stock’s 50-day moving average price is $50.02 and its 200 day moving average price is $48.88. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69.

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.