Bryn Mawr Capital Management LLC increased its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 1,919.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 234,595 shares of the exchange traded fund’s stock after acquiring an additional 222,979 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in iShares Gold Trust were worth $11,615,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in IAU. Trilogy Capital Inc. purchased a new position in shares of iShares Gold Trust in the third quarter valued at approximately $214,000. Telos Capital Management Inc. acquired a new position in iShares Gold Trust in the 3rd quarter valued at $227,000. Sequoia Financial Advisors LLC lifted its holdings in iShares Gold Trust by 36.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,184 shares of the exchange traded fund’s stock valued at $556,000 after purchasing an additional 3,015 shares in the last quarter. Signaturefd LLC boosted its stake in iShares Gold Trust by 11.9% during the 3rd quarter. Signaturefd LLC now owns 22,264 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 2,362 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of iShares Gold Trust during the third quarter worth $1,565,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
NYSEARCA:IAU opened at $55.42 on Thursday. iShares Gold Trust has a twelve month low of $38.21 and a twelve month high of $55.49. The company’s 50-day moving average price is $51.46 and its 200-day moving average price is $49.98.
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.
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