Raymond James & Associates Purchases 183,140 Shares of iShares Gold Trust (NYSEARCA:IAU)

Raymond James & Associates lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 5.0% in the first quarter, Holdings Channel.com reports. The firm owned 3,844,075 shares of the exchange traded fund’s stock after buying an additional 183,140 shares during the period. Raymond James & Associates’ holdings in iShares Gold Trust were worth $161,490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accordant Advisory Group Inc bought a new stake in iShares Gold Trust during the 1st quarter valued at $164,000. EFG Asset Management Americas Corp. grew its stake in iShares Gold Trust by 227.2% during the 1st quarter. EFG Asset Management Americas Corp. now owns 220,271 shares of the exchange traded fund’s stock valued at $9,254,000 after purchasing an additional 152,944 shares during the last quarter. Strategies Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 11.9% in the first quarter. Strategies Wealth Advisors LLC now owns 7,752 shares of the exchange traded fund’s stock worth $326,000 after buying an additional 827 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in shares of iShares Gold Trust by 0.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 31,759 shares of the exchange traded fund’s stock worth $1,334,000 after buying an additional 293 shares during the last quarter. Finally, Wealthstar Advisors LLC boosted its stake in shares of iShares Gold Trust by 6.1% in the first quarter. Wealthstar Advisors LLC now owns 62,328 shares of the exchange traded fund’s stock worth $2,618,000 after buying an additional 3,604 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock traded down $0.09 during mid-day trading on Monday, reaching $44.17. 8,694,646 shares of the company’s stock were exchanged, compared to its average volume of 6,873,928. The stock’s 50 day moving average is $41.91 and its 200 day moving average is $39.41. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $45.98.

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.