Mutual Advisors LLC Grows Position in iShares Gold Trust $IAU

Mutual Advisors LLC increased its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 91.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,044 shares of the exchange traded fund’s stock after buying an additional 67,047 shares during the quarter. Mutual Advisors LLC’s holdings in iShares Gold Trust were worth $10,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. UMB Bank n.a. grew its holdings in iShares Gold Trust by 11.6% in the 3rd quarter. UMB Bank n.a. now owns 257,416 shares of the exchange traded fund’s stock worth $18,732,000 after acquiring an additional 26,788 shares during the last quarter. Transcend Capital Advisors LLC raised its stake in shares of iShares Gold Trust by 15.7% during the third quarter. Transcend Capital Advisors LLC now owns 20,034 shares of the exchange traded fund’s stock valued at $1,458,000 after acquiring an additional 2,723 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of iShares Gold Trust by 18.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 5,380 shares of the exchange traded fund’s stock worth $380,000 after purchasing an additional 823 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of iShares Gold Trust by 314.2% during the third quarter. Thrivent Financial for Lutherans now owns 342,500 shares of the exchange traded fund’s stock worth $24,924,000 after purchasing an additional 259,801 shares during the period. Finally, Independent Advisor Alliance grew its stake in shares of iShares Gold Trust by 228.7% in the third quarter. Independent Advisor Alliance now owns 76,708 shares of the exchange traded fund’s stock worth $5,582,000 after purchasing an additional 53,374 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

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iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $91.20 on Friday. The stock’s 50-day moving average is $84.38 and its 200 day moving average is $75.08. The company has a market cap of $77.00 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 1 year low of $52.74 and a 1 year high of $104.40.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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