Spinnaker Trust Buys 10,089 Shares of iShares Gold Trust $IAU

Spinnaker Trust lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 448,518 shares of the exchange traded fund’s stock after acquiring an additional 10,089 shares during the quarter. iShares Gold Trust makes up 1.8% of Spinnaker Trust’s holdings, making the stock its 11th biggest holding. Spinnaker Trust owned about 0.05% of iShares Gold Trust worth $32,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAU. Keener Financial Planning LLC bought a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $25,000. MTM Investment Management LLC bought a new position in iShares Gold Trust during the second quarter worth $25,000. Private Wealth Management Group LLC lifted its holdings in iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares during the period. Key Financial Inc acquired a new position in iShares Gold Trust in the second quarter valued at $28,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in iShares Gold Trust during the third quarter valued at $29,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust News Summary

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Trading Up 3.0%

IAU stock opened at $93.24 on Friday. The firm has a market cap of $78.73 billion, a PE ratio of 5.53 and a beta of 0.09. The stock has a 50-day moving average price of $85.69 and a 200-day moving average price of $75.97. iShares Gold Trust has a 1-year low of $53.44 and a 1-year high of $104.40.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Featured Articles

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.