ORG Partners LLC Acquires New Shares in iShares Gold Trust (NYSEARCA:IAU)

ORG Partners LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 721 shares of the exchange traded fund’s stock, valued at approximately $28,000.

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

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $45.20 on Wednesday. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $45.98. The business has a 50-day moving average of $40.78 and a two-hundred day moving average of $38.81.

About iShares Gold Trust

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.