iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by West Branch Capital LLC

West Branch Capital LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 32.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,630 shares of the exchange traded fund’s stock after acquiring an additional 1,630 shares during the quarter. West Branch Capital LLC’s holdings in iShares Gold Trust were worth $391,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IAU. Tucker Asset Management LLC raised its stake in shares of iShares Gold Trust by 106.9% in the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 263 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter worth $28,000. Wintrust Investments LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter worth $29,000. Wood Tarver Financial Group LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at $31,000. Finally, Orion Capital Management LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.3%

Shares of IAU stock opened at $64.74 on Friday. The company has a market capitalization of $47.65 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 1-year low of $43.35 and a 1-year high of $65.00. The stock’s fifty day simple moving average is $62.12 and its 200-day simple moving average is $56.19.

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.