First Command Bank lifted its stake in iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 906,974 shares of the exchange traded fund’s stock after acquiring an additional 30,364 shares during the quarter. iShares Gold Trust makes up approximately 4.0% of First Command Bank’s investment portfolio, making the stock its 8th largest position. First Command Bank owned approximately 0.12% of iShares Gold Trust worth $31,372,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of IAU. Psagot Value Holdings Ltd. Israel bought a new position in iShares Gold Trust during the third quarter worth about $32,000. Hexagon Capital Partners LLC boosted its holdings in shares of iShares Gold Trust by 73.5% during the fourth quarter. Hexagon Capital Partners LLC now owns 928 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 393 shares during the period. Accurate Wealth Management LLC bought a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $33,000. Valley National Advisers Inc. boosted its holdings in shares of iShares Gold Trust by 98.2% during the third quarter. Valley National Advisers Inc. now owns 1,092 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 541 shares during the period. Finally, Fiduciary Alliance LLC bought a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 62.40% of the company’s stock.
iShares Gold Trust Trading Down 0.5 %
Shares of IAU stock opened at $37.24 on Thursday. The stock has a 50 day simple moving average of $35.86 and a 200 day simple moving average of $34.04. iShares Gold Trust has a 1 year low of $30.69 and a 1 year high of $37.99.
iShares Gold Trust Company 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.
Read More
- Get a free copy of the StockNews.com research report on iShares Gold Trust (IAU)
- Dave & Buster’s Rebound Could Score for Investors
- Cal-Maine: Is it Time to Chase this Stock Higher?
- The Most Important Warren Buffett Stock for Investors: His Own
- Three Mid Caps Wall Street Sees Doubling Within 12 Months
- It’s No Stretch: Lululemon Could Break Out of its Range
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.
