iShares Gold Trust (NYSEARCA:IAU) Sets New 52-Week High at $16.75

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iShares Gold Trust (NYSEARCA:IAU) reached a new 52-week high on Thursday . The company traded as high as $16.75 and last traded at $16.73, with a volume of 23912400 shares trading hands. The stock had previously closed at $16.73.

The stock has a 50 day simple moving average of $16.23 and a two-hundred day simple moving average of $15.08.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Advisory Inc. increased its stake in shares of iShares Gold Trust by 10.9% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 67,636,191 shares of the exchange traded fund’s stock valued at $980,725,000 after purchasing an additional 6,654,368 shares in the last quarter. Morgan Stanley increased its stake in shares of iShares Gold Trust by 28.6% in the 1st quarter. Morgan Stanley now owns 42,762,796 shares of the exchange traded fund’s stock valued at $644,435,000 after purchasing an additional 9,518,408 shares in the last quarter. Personal Capital Advisors Corp increased its stake in shares of iShares Gold Trust by 1.6% in the 1st quarter. Personal Capital Advisors Corp now owns 17,751,593 shares of the exchange traded fund’s stock valued at $268,176,000 after purchasing an additional 281,033 shares in the last quarter. UBS Group AG increased its stake in shares of iShares Gold Trust by 22.3% in the 1st quarter. UBS Group AG now owns 17,574,520 shares of the exchange traded fund’s stock valued at $264,848,000 after purchasing an additional 3,201,704 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of iShares Gold Trust by 27.9% in the 1st quarter. Wells Fargo & Company MN now owns 16,747,983 shares of the exchange traded fund’s stock valued at $252,392,000 after purchasing an additional 3,658,199 shares in the last quarter.

About iShares Gold Trust (NYSEARCA:IAU)

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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