Quadrant Private Wealth Management LLC Invests $302,000 in iShares Gold Trust (NYSEARCA:IAU)

Quadrant Private Wealth Management LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,045 shares of the exchange traded fund’s stock, valued at approximately $302,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its stake in shares of iShares Gold Trust by 610.0% during the first quarter. FMR LLC now owns 1,752,477 shares of the exchange traded fund’s stock worth $21,695,000 after purchasing an additional 1,505,643 shares during the last quarter. Janney Montgomery Scott LLC grew its position in iShares Gold Trust by 4.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 298,462 shares of the exchange traded fund’s stock valued at $4,328,000 after buying an additional 13,158 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in iShares Gold Trust by 1,766.7% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 5,600 shares of the exchange traded fund’s stock valued at $81,000 after buying an additional 5,300 shares during the period. Leavell Investment Management Inc. raised its position in iShares Gold Trust by 71.9% during the 4th quarter. Leavell Investment Management Inc. now owns 49,826 shares of the exchange traded fund’s stock worth $722,000 after buying an additional 20,847 shares during the last quarter. Finally, Merriman Wealth Management LLC lifted its stake in shares of iShares Gold Trust by 102.8% in the 4th quarter. Merriman Wealth Management LLC now owns 92,731 shares of the exchange traded fund’s stock worth $1,345,000 after acquiring an additional 47,010 shares during the period.

Shares of iShares Gold Trust stock traded up $0.09 on Friday, reaching $16.57. 277,354 shares of the stock were exchanged, compared to its average volume of 26,890,219. iShares Gold Trust has a 1-year low of $12.18 and a 1-year high of $16.75. The business has a fifty day moving average price of $16.20 and a two-hundred day moving average price of $15.07.

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.

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

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