Prime Capital Investment Advisors LLC Raises Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Prime Capital Investment Advisors LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 209,426 shares of the exchange traded fund’s stock after buying an additional 4,733 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares Gold Trust were worth $10,408,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 250.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in iShares Gold Trust during the second quarter worth about $31,000. Opal Wealth Advisors LLC acquired a new position in iShares Gold Trust in the 2nd quarter valued at about $34,000. Pacifica Partners Inc. acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth approximately $35,000. Finally, Chris Bulman Inc purchased a new stake in shares of iShares Gold Trust during the 2nd quarter valued at approximately $43,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU stock traded down $0.20 during trading hours on Tuesday, hitting $49.31. The company had a trading volume of 654,627 shares, compared to its average volume of 6,021,979. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $52.69. The company’s fifty day moving average is $49.97 and its 200 day moving average is $46.80.

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.