Bay Harbor Wealth Management LLC Acquires 21,596 Shares of iShares Gold Trust $IAU

Bay Harbor Wealth Management LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 63.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,530 shares of the exchange traded fund’s stock after buying an additional 21,596 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in iShares Gold Trust were worth $4,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of IAU. Bryn Mawr Trust Advisors LLC increased its position in iShares Gold Trust by 79.9% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 51,910 shares of the exchange traded fund’s stock valued at $3,237,000 after buying an additional 23,054 shares in the last quarter. Americana Partners LLC grew its stake in iShares Gold Trust by 9.0% in the second quarter. Americana Partners LLC now owns 26,166 shares of the exchange traded fund’s stock valued at $1,632,000 after acquiring an additional 2,158 shares during the period. Stokes Family Office LLC increased its holdings in shares of iShares Gold Trust by 2.7% during the second quarter. Stokes Family Office LLC now owns 93,539 shares of the exchange traded fund’s stock valued at $5,833,000 after acquiring an additional 2,491 shares in the last quarter. Alpha Cubed Investments LLC raised its position in shares of iShares Gold Trust by 110.2% during the second quarter. Alpha Cubed Investments LLC now owns 9,093 shares of the exchange traded fund’s stock worth $567,000 after purchasing an additional 4,768 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares Gold Trust during the second quarter worth approximately $5,003,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.2%

NYSEARCA IAU opened at $81.63 on Friday. The company has a market cap of $67.27 billion, a P/E ratio of 5.53 and a beta of 0.09. The company has a fifty day simple moving average of $78.00 and a 200 day simple moving average of $69.79. iShares Gold Trust has a 12-month low of $48.83 and a 12-month high of $82.55.

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.