Rehmann Capital Advisory Group Boosts Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Rehmann Capital Advisory Group boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,211 shares of the exchange traded fund’s stock after buying an additional 5,908 shares during the period. Rehmann Capital Advisory Group’s holdings in iShares Gold Trust were worth $2,797,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Homrich & Berg grew its position in shares of iShares Gold Trust by 11.4% in the first quarter. Homrich & Berg now owns 61,589 shares of the exchange traded fund’s stock valued at $762,000 after purchasing an additional 6,292 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV grew its position in shares of iShares Gold Trust by 12.3% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 35,226 shares of the exchange traded fund’s stock valued at $476,000 after purchasing an additional 3,856 shares in the last quarter. NEXT Financial Group Inc grew its position in shares of iShares Gold Trust by 2,330.1% in the second quarter. NEXT Financial Group Inc now owns 39,440 shares of the exchange traded fund’s stock valued at $532,000 after purchasing an additional 37,817 shares in the last quarter. Confluence Investment Management LLC grew its position in shares of iShares Gold Trust by 2.0% in the second quarter. Confluence Investment Management LLC now owns 410,991 shares of the exchange traded fund’s stock valued at $5,548,000 after purchasing an additional 8,167 shares in the last quarter. Finally, Ackerman Capital Advisors LLC purchased a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $631,000.

Shares of IAU stock traded up $0.08 during trading hours on Tuesday, reaching $14.18. The company had a trading volume of 406,017 shares, compared to its average volume of 18,157,098. The stock has a fifty day moving average of $14.46 and a 200-day moving average of $13.24. iShares Gold Trust has a 12-month low of $11.34 and a 12-month high of $14.90.

iShares Gold Trust 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.

Further Reading: Straddles

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

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