Independent Advisor Alliance Grows Stock Holdings in iShares Gold Trust $IAU

Independent Advisor Alliance boosted its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 228.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,708 shares of the exchange traded fund’s stock after buying an additional 53,374 shares during the quarter. Independent Advisor Alliance’s holdings in iShares Gold Trust were worth $5,582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ehrlich Financial Group boosted its holdings in shares of iShares Gold Trust by 15.3% in the third quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock valued at $3,266,000 after acquiring an additional 5,943 shares during the period. Bay Harbor Wealth Management LLC raised its position in iShares Gold Trust by 63.6% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 55,530 shares of the exchange traded fund’s stock valued at $4,041,000 after purchasing an additional 21,596 shares during the last quarter. Bryn Mawr Trust Advisors LLC raised its position in iShares Gold Trust by 79.9% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 51,910 shares of the exchange traded fund’s stock valued at $3,237,000 after purchasing an additional 23,054 shares during the last quarter. First Horizon Corp acquired a new stake in iShares Gold Trust during the 3rd quarter worth $1,863,000. Finally, Strategic Blueprint LLC boosted its stake in iShares Gold Trust by 30.2% during the 3rd quarter. Strategic Blueprint LLC now owns 136,931 shares of the exchange traded fund’s stock worth $9,964,000 after purchasing an additional 31,746 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

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iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $91.20 on Friday. The firm 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 one year low of $52.74 and a one year high of $104.40. The firm’s fifty day moving average is $84.38 and its two-hundred day moving average is $75.08.

iShares Gold Trust Company 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

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

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