Thompson Investment Management Inc. Buys New Position in iShares Gold Trust (NYSEARCA:IAU)

Thompson Investment Management Inc. purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,362 shares of the exchange traded fund’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. TCP Asset Management LLC raised its position in iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after purchasing an additional 195 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in iShares Gold Trust by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares during the period. Baker Avenue Asset Management LP increased its stake in iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after purchasing an additional 215 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 215 shares during the last quarter. Finally, Avaii Wealth Management LLC boosted its stake in shares of iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after buying an additional 249 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $53.97 on Monday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $54.48. The stock’s 50-day moving average price is $50.78 and its 200 day moving average price is $49.49.

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.