iShares Gold Trust (NYSEARCA:IAU) Sees Strong Trading Volume

iShares Gold Trust (NYSEARCA:IAUGet 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

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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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