Leonard Rickey Investment Advisors P.L.L.C. Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

Leonard Rickey Investment Advisors P.L.L.C. boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 252,188 shares of the exchange traded fund’s stock after purchasing an additional 7,772 shares during the period. iShares Gold Trust makes up about 2.9% of Leonard Rickey Investment Advisors P.L.L.C.’s portfolio, making the stock its 13th biggest position. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in iShares Gold Trust were worth $12,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of IAU. K2 Principal Fund L.P. increased its position in shares of iShares Gold Trust by 400.0% in the 2nd quarter. K2 Principal Fund L.P. now owns 250,000 shares of the exchange traded fund’s stock valued at $10,982,000 after acquiring an additional 200,000 shares during the period. Gateway Advisory LLC increased its holdings in shares of iShares Gold Trust by 5.1% in the second quarter. Gateway Advisory LLC now owns 190,670 shares of the exchange traded fund’s stock valued at $8,376,000 after purchasing an additional 9,292 shares during the period. Insigneo Advisory Services LLC purchased a new position in shares of iShares Gold Trust in the second quarter worth about $1,113,000. AlTi Global Inc. lifted its holdings in shares of iShares Gold Trust by 5.3% during the second quarter. AlTi Global Inc. now owns 1,240,272 shares of the exchange traded fund’s stock worth $54,485,000 after purchasing an additional 62,911 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in iShares Gold Trust in the second quarter valued at approximately $683,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $50.99 on Tuesday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69. The firm has a 50 day moving average of $49.87 and a two-hundred day moving average of $48.76.

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.