Planned Solutions Inc. Buys New Holdings in iShares Gold Trust (NYSEARCA:IAU)

Planned Solutions Inc. acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,496 shares of the exchange traded fund’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Natixis Advisors L.P. raised its holdings in iShares Gold Trust by 2.7% during the first quarter. Natixis Advisors L.P. now owns 18,628 shares of the exchange traded fund’s stock worth $686,000 after purchasing an additional 486 shares in the last quarter. BlackRock Inc. increased its holdings in shares of iShares Gold Trust by 17.0% in the 1st quarter. BlackRock Inc. now owns 3,061,470 shares of the exchange traded fund’s stock valued at $112,754,000 after acquiring an additional 445,160 shares during the period. Cibc World Market Inc. increased its holdings in shares of iShares Gold Trust by 43.2% in the 1st quarter. Cibc World Market Inc. now owns 93,543 shares of the exchange traded fund’s stock valued at $3,445,000 after acquiring an additional 28,233 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of iShares Gold Trust in the 1st quarter valued at $3,469,000. Finally, Moors & Cabot Inc. increased its holdings in shares of iShares Gold Trust by 10.0% in the 1st quarter. Moors & Cabot Inc. now owns 15,156 shares of the exchange traded fund’s stock valued at $558,000 after acquiring an additional 1,380 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.3 %

Shares of iShares Gold Trust stock opened at $42.01 on Friday. The firm’s fifty day simple moving average is $39.28 and its 200-day simple moving average is $38.05. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $42.09.

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.