SignalPoint Asset Management LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,102 shares of the exchange traded fund’s stock after purchasing an additional 866 shares during the quarter. SignalPoint Asset Management LLC’s holdings in iShares Gold Trust were worth $1,532,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in IAU. Financial Management Professionals Inc. grew its position in shares of iShares Gold Trust by 873.5% during the second quarter. Financial Management Professionals Inc. now owns 808 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 725 shares in the last quarter. Financial Freedom LLC bought a new position in iShares Gold Trust during the fourth quarter valued at approximately $30,000. Barrett & Company Inc. bought a new position in iShares Gold Trust during the first quarter valued at approximately $37,000. SJS Investment Consulting Inc. boosted its stake in iShares Gold Trust by 42.1% during the first quarter. SJS Investment Consulting Inc. now owns 1,012 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 300 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in iShares Gold Trust by 191.8% during the second quarter. Salem Investment Counselors Inc. now owns 1,103 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 58.45% of the company’s stock.
iShares Gold Trust Price Performance
iShares Gold Trust stock traded down $0.02 during midday trading on Tuesday, reaching $36.60. 945,592 shares of the stock traded hands, compared to its average volume of 4,800,915. The stock’s fifty day moving average is $36.60 and its 200-day moving average is $36.97. iShares Gold Trust has a 12 month low of $30.69 and a 12 month high of $39.04.
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.
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