iShares Gold Trust (NYSEARCA:IAU – Get Rating) saw unusually-strong trading volume on Thursday . Approximately 225,413 shares were traded during trading, a decline of 94% from the previous session’s volume of 3,828,215 shares.The stock last traded at $31.79 and had previously closed at $31.74.
iShares Gold Trust Stock Performance
The company’s 50 day moving average price is $32.90 and its 200-day moving average price is $34.72.
Institutional Investors Weigh In On iShares Gold Trust
Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $18,408,000. Level Four Advisory Services LLC purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $226,000. Hilltop Holdings Inc. grew its stake in iShares Gold Trust by 10.9% in the 4th quarter. Hilltop Holdings Inc. now owns 19,918 shares of the exchange traded fund’s stock valued at $693,000 after buying an additional 1,950 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in iShares Gold Trust by 3.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 843,108 shares of the exchange traded fund’s stock valued at $29,346,000 after purchasing an additional 29,873 shares during the period. Finally, Clearstead Advisors LLC boosted its holdings in iShares Gold Trust by 4.6% in the 4th quarter. Clearstead Advisors LLC now owns 34,042 shares of the exchange traded fund’s stock valued at $1,185,000 after purchasing an additional 1,501 shares during the period. Hedge funds and other institutional investors own 59.24% of the company’s stock.
iShares Gold Trust Company 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.
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