iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP increased its position in iShares Gold Trust (NYSEARCA:IAU) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,517 shares of the exchange traded fund’s stock after buying an additional 215 shares during the period. Baker Avenue Asset Management LP’s holdings in iShares Gold Trust were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Truist Financial Corp grew its stake in iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after buying an additional 1,339,100 shares during the period. 1832 Asset Management L.P. bought a new stake in iShares Gold Trust in the 1st quarter valued at about $30,021,000. Hsbc Holdings PLC lifted its position in iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after purchasing an additional 665,653 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in iShares Gold Trust in the 2nd quarter valued at about $26,134,000. Finally, Cetera Investment Advisers increased its stake in iShares Gold Trust by 545.9% during the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after buying an additional 586,652 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $49.51 on Tuesday. The company’s 50-day moving average price is $49.92 and its two-hundred day moving average price is $46.77. iShares Gold Trust has a 52 week low of $36.57 and a 52 week high of $52.69.

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.