Robinson Value Management Ltd. Grows Stake in iShares Gold Trust (NYSEARCA:IAU)

Robinson Value Management Ltd. boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,451 shares of the exchange traded fund’s stock after purchasing an additional 2,451 shares during the period. iShares Gold Trust comprises 2.5% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 14th biggest position. Robinson Value Management Ltd.’s holdings in iShares Gold Trust were worth $3,899,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Private Ocean LLC acquired a new stake in shares of iShares Gold Trust during the first quarter worth $29,000. Global Trust Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust in the second quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new position in iShares Gold Trust in the second quarter valued at $34,000. Finally, Pacifica Partners Inc. acquired a new position in iShares Gold Trust in the second quarter valued at $35,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

iShares Gold Trust stock traded up $0.05 during midday trading on Monday, reaching $51.42. The stock had a trading volume of 2,928,843 shares, compared to its average volume of 5,941,024. iShares Gold Trust has a twelve month low of $36.57 and a twelve month high of $51.76. The stock’s 50-day simple moving average is $48.59 and its 200 day simple moving average is $46.01.

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.