Gradient Investments LLC Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Gradient Investments LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,461 shares of the exchange traded fund’s stock after buying an additional 6,739 shares during the quarter. Gradient Investments LLC’s holdings in iShares Gold Trust were worth $2,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avion Wealth purchased a new position in shares of iShares Gold Trust in the 2nd quarter worth about $29,000. Psagot Value Holdings Ltd. Israel bought a new stake in shares of iShares Gold Trust during the 3rd quarter valued at about $32,000. Valley National Advisers Inc. grew its stake in shares of iShares Gold Trust by 98.2% during the 3rd quarter. Valley National Advisers Inc. now owns 1,092 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 541 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of iShares Gold Trust by 191.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,103 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 725 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new position in shares of iShares Gold Trust during the 3rd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 62.40% of the company’s stock.

iShares Gold Trust Trading Up 2.9 %

Shares of NYSEARCA:IAU opened at $37.49 on Friday. The stock has a 50 day moving average of $35.65 and a 200 day moving average of $33.75. iShares Gold Trust has a 12-month low of $30.69 and a 12-month high of $37.90.

iShares Gold Trust Company Profile

(Get Rating)

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.