Proffitt & Goodson Inc. bought a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,697 shares of the exchange traded fund’s stock, valued at approximately $144,000.
Other large investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of iShares Gold Trust by 19.2% in the 3rd quarter. Morgan Stanley now owns 17,674,165 shares of the exchange traded fund’s stock worth $202,016,000 after buying an additional 2,845,739 shares in the last quarter. GenWealth Group Inc. raised its position in shares of iShares Gold Trust by 4.4% during the fourth quarter. GenWealth Group Inc. now owns 858,622 shares of the exchange traded fund’s stock worth $10,552,000 after purchasing an additional 36,035 shares during the period. Confluence Investment Management LLC raised its position in shares of iShares Gold Trust by 4.4% during the third quarter. Confluence Investment Management LLC now owns 447,326 shares of the exchange traded fund’s stock worth $5,113,000 after purchasing an additional 18,784 shares during the period. Evanson Asset Management LLC raised its position in shares of iShares Gold Trust by 2.5% during the fourth quarter. Evanson Asset Management LLC now owns 239,627 shares of the exchange traded fund’s stock worth $2,945,000 after purchasing an additional 5,790 shares during the period. Finally, B. Riley Wealth Management Inc. acquired a new stake in shares of iShares Gold Trust during the third quarter worth $119,000.
NYSEARCA:IAU opened at $12.51 on Thursday. iShares Gold Trust has a 1-year low of $11.25 and a 1-year high of $13.11.
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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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