Mid Atlantic Financial Management Inc. ADV grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 94.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 31,370 shares of the exchange traded fund’s stock after buying an additional 15,204 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in iShares Gold Trust were worth $388,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in IAU. Morgan Stanley raised its holdings in shares of iShares Gold Trust by 19.2% in the third quarter. Morgan Stanley now owns 17,674,165 shares of the exchange traded fund’s stock valued at $202,016,000 after buying an additional 2,845,739 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $34,306,000. Elephas Investment Management Ltd purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $31,340,000. Bailard Inc. purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $29,207,000. Finally, Stephens Inc. AR raised its holdings in shares of iShares Gold Trust by 9,222.6% in the first quarter. Stephens Inc. AR now owns 1,940,130 shares of the exchange traded fund’s stock valued at $24,019,000 after buying an additional 1,919,319 shares during the last quarter.
Shares of NYSEARCA:IAU opened at $12.19 on Wednesday. iShares Gold Trust has a one year low of $11.25 and a one year high of $12.90.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2019/05/22/mid-atlantic-financial-management-inc-adv-increases-position-in-ishares-gold-trust-iau.html.
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.
Further Reading: Market Capitalization and Individual Investors
Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.