iShares Gold Trust (NYSEARCA:IAU) Shares Bought by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 42,102 shares of the exchange traded fund’s stock after buying an additional 866 shares during the quarter. SignalPoint Asset Management LLC’s holdings in iShares Gold Trust were worth $1,532,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Moneta Group Investment Advisors LLC increased its stake in iShares Gold Trust by 413,629.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 28,998,294 shares of the exchange traded fund’s stock worth $1,003,051,000 after acquiring an additional 28,991,285 shares during the last quarter. Empower Advisory Group LLC purchased a new position in shares of iShares Gold Trust during the first quarter worth $520,181,000. Gateway Advisory LLC boosted its position in shares of iShares Gold Trust by 5,751.9% during the first quarter. Gateway Advisory LLC now owns 6,551,529 shares of the exchange traded fund’s stock worth $6,552,000 after buying an additional 6,439,573 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of iShares Gold Trust by 176.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,910,983 shares of the exchange traded fund’s stock worth $220,893,000 after buying an additional 3,776,330 shares during the period. Finally, FMR LLC boosted its position in shares of iShares Gold Trust by 5.9% during the first quarter. FMR LLC now owns 40,608,382 shares of the exchange traded fund’s stock worth $1,517,535,000 after buying an additional 2,273,819 shares during the period. Institutional investors and hedge funds own 58.45% of the company’s stock.

iShares Gold Trust Trading Down 0.1 %

Shares of IAU traded down $0.02 during midday trading on Tuesday, hitting $36.60. 945,592 shares of the stock were exchanged, compared to its average volume of 4,800,915. iShares Gold Trust has a 52-week low of $30.69 and a 52-week high of $39.04. The stock has a fifty day simple moving average of $36.60 and a 200 day simple moving average of $36.97.

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.