iShares Gold Trust (NYSEARCA:IAU) Reaches New 12-Month High at $44.64

Posted by ABMN Staff on Apr 11th, 2024

iShares Gold Trust (NYSEARCA:IAU – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $44.64 and last traded at $44.52, with a volume of 1781728 shares. The stock had previously closed at $44.23.

iShares Gold Trust Trading Down 0.9 %

The stock’s fifty day simple moving average is $40.27 and its two-hundred day simple moving average is $38.53.

Institutional Trading of iShares Gold Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Gold Trust in the 3rd quarter worth about $26,000. ORG Partners LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth about $28,000. Financial Freedom LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth about $30,000. Pingora Partners LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth about $31,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth about $32,000. 59.67% of the stock is owned by institutional investors and hedge funds.

About iShares Gold Trust

(Get 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.