iShares Gold Trust (NYSEARCA:IAU – Get Rating)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $38.78 and last traded at $38.74, with a volume of 1528458 shares. The stock had previously closed at $38.19.
iShares Gold Trust Stock Performance
The business's 50 day simple moving average is $36.11 and its 200-day simple moving average is $34.46.
Get iShares Gold Trust alerts:Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ieq Capital LLC lifted its position in shares of iShares Gold Trust by 0.6% during the fourth quarter. Ieq Capital LLC now owns 54,554 shares of the exchange traded fund's stock worth $1,887,000 after purchasing an additional 300 shares in the last quarter. Carlson Capital Management increased its stake in iShares Gold Trust by 0.6% in the fourth quarter. Carlson Capital Management now owns 57,100 shares of the exchange traded fund's stock valued at $1,975,000 after purchasing an additional 322 shares in the last quarter. Robinson Value Management Ltd. increased its stake in iShares Gold Trust by 0.5% in the third quarter. Robinson Value Management Ltd. now owns 64,162 shares of the exchange traded fund's stock valued at $2,023,000 after purchasing an additional 324 shares in the last quarter. Perkins Coie Trust Co increased its stake in iShares Gold Trust by 1.0% in the third quarter. Perkins Coie Trust Co now owns 32,361 shares of the exchange traded fund's stock valued at $1,020,000 after purchasing an additional 325 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of iShares Gold Trust by 2.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 13,333 shares of the exchange traded fund's stock valued at $444,000 after buying an additional 335 shares during the period. Institutional investors own 62.40% of the company's stock.
About iShares Gold Trust
(Get Rating)
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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