Smith Thornton Advisors LLC Raises Position in iShares Gold Trust (NYSEARCA:IAU)

Smith Thornton Advisors LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,492 shares of the exchange traded fund’s stock after buying an additional 469 shares during the period. iShares Gold Trust comprises about 1.6% of Smith Thornton Advisors LLC’s holdings, making the stock its 20th largest position. Smith Thornton Advisors LLC’s holdings in iShares Gold Trust were worth $2,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Confluence Investment Management LLC increased its position in shares of iShares Gold Trust by 5.0% during the third quarter. Confluence Investment Management LLC now owns 14,370 shares of the exchange traded fund’s stock valued at $714,000 after acquiring an additional 685 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. raised its stake in shares of iShares Gold Trust by 0.6% during the 3rd quarter. Beacon Harbor Wealth Advisors Inc. now owns 246,516 shares of the exchange traded fund’s stock worth $12,252,000 after purchasing an additional 1,444 shares during the period. Trademark Financial Management LLC grew its position in iShares Gold Trust by 4.1% during the third quarter. Trademark Financial Management LLC now owns 52,665 shares of the exchange traded fund’s stock valued at $2,617,000 after buying an additional 2,069 shares during the period. Spinnaker Trust increased its holdings in iShares Gold Trust by 2.4% during the third quarter. Spinnaker Trust now owns 410,064 shares of the exchange traded fund’s stock worth $20,380,000 after buying an additional 9,747 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in iShares Gold Trust by 22.0% in the third quarter. Concurrent Investment Advisors LLC now owns 14,291 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 2,577 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 1.7 %

iShares Gold Trust stock opened at $51.06 on Friday. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $52.69. The business’s 50 day simple moving average is $49.85 and its 200 day simple moving average is $46.68.

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.