Syon Capital LLC Has $16.84 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Syon Capital LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,379 shares of the exchange traded fund’s stock after purchasing an additional 64,801 shares during the quarter. iShares Gold Trust accounts for 1.5% of Syon Capital LLC’s portfolio, making the stock its 13th largest position. Syon Capital LLC owned approximately 0.07% of iShares Gold Trust worth $16,837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFG Advisors raised its holdings in shares of iShares Gold Trust by 3.7% during the fourth quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock worth $818,000 after acquiring an additional 754 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of iShares Gold Trust by 203.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock worth $762,000 after buying an additional 13,101 shares during the period. Hsbc Holdings PLC grew its holdings in shares of iShares Gold Trust by 6.7% during the third quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock worth $3,482,000 after buying an additional 6,263 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in iShares Gold Trust in the 4th quarter valued at approximately $544,000. Finally, Geneos Wealth Management Inc. lifted its stake in iShares Gold Trust by 10.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU traded up $0.55 during mid-day trading on Friday, hitting $44.08. 3,424,534 shares of the company’s stock were exchanged, compared to its average volume of 4,936,891. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $46.08. The company has a 50-day simple moving average of $44.33 and a 200 day simple moving average of $41.03.

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.