iShares Gold Trust (NYSEARCA:IAU – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.29 and last traded at $55.25, with a volume of 1386134 shares. The stock had previously closed at $54.46.
iShares Gold Trust Stock Performance
The stock has a fifty day moving average price of $51.37 and a 200 day moving average price of $49.92.
Institutional Trading of iShares Gold Trust
Large investors have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth about $163,000. Bleakley Financial Group LLC lifted its holdings in shares of iShares Gold Trust by 48.8% during the third quarter. Bleakley Financial Group LLC now owns 18,972 shares of the exchange traded fund’s stock worth $943,000 after buying an additional 6,221 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of iShares Gold Trust by 3.2% during the third quarter. Capital Investment Advisors LLC now owns 14,517 shares of the exchange traded fund’s stock worth $721,000 after buying an additional 455 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of iShares Gold Trust by 16.7% in the third quarter. OLD National Bancorp IN now owns 15,989 shares of the exchange traded fund’s stock valued at $795,000 after acquiring an additional 2,285 shares during the period. Finally, Compass Ion Advisors LLC acquired a new stake in shares of iShares Gold Trust in the third quarter worth $373,000. 59.67% of the stock is owned by institutional investors.
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.
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