Kornitzer Capital Management Inc. KS Buys New Stake in iShares Gold Trust (NYSEARCA:IAU)

Kornitzer Capital Management Inc. KS bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 35,360 shares of the exchange traded fund’s stock, valued at approximately $477,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Destination Wealth Management lifted its stake in shares of iShares Gold Trust by 90.4% in the 2nd quarter. Destination Wealth Management now owns 2,393 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 1,136 shares during the period. Meridian Wealth Management LLC purchased a new stake in iShares Gold Trust in the 1st quarter worth $32,000. Investors Research Corp purchased a new stake in iShares Gold Trust in the 1st quarter worth $35,000. Financial Management Professionals Inc. increased its holdings in iShares Gold Trust by 89.1% in the 1st quarter. Financial Management Professionals Inc. now owns 3,396 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Arcus Capital Partners LLC purchased a new stake in iShares Gold Trust in the 2nd quarter worth $59,000.

Shares of NYSEARCA IAU opened at $14.49 on Friday. The firm has a fifty day moving average of $13.74 and a 200 day moving average of $12.83. iShares Gold Trust has a one year low of $11.28 and a one year high of $14.61.

About iShares Gold Trust

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

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