Confluence Investment Management LLC Purchases New Holdings in iShares Gold Trust (NYSEARCA:IAU)

Confluence Investment Management LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAU) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,300 shares of the exchange traded fund’s stock, valued at approximately $559,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Appleton Partners Inc. MA grew its holdings in shares of iShares Gold Trust by 8.4% in the 1st quarter. Appleton Partners Inc. MA now owns 12,866 shares of the exchange traded fund’s stock worth $541,000 after acquiring an additional 997 shares during the period. Global Wealth Strategies & Associates grew its holdings in shares of iShares Gold Trust by 3.1% in the 1st quarter. Global Wealth Strategies & Associates now owns 123,943 shares of the exchange traded fund’s stock worth $5,207,000 after acquiring an additional 3,760 shares during the period. Ariston Services Group acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $6,319,000. BlueChip Wealth Advisors LLC purchased a new stake in iShares Gold Trust in the 4th quarter valued at approximately $219,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in iShares Gold Trust by 68.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 179,312 shares of the exchange traded fund’s stock valued at $6,999,000 after buying an additional 72,863 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock traded up $0.23 on Tuesday, reaching $44.08. The company had a trading volume of 3,444,260 shares, compared to its average volume of 6,530,197. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $46.08. The company’s fifty day moving average is $44.32 and its 200 day moving average is $41.09.

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.