21,244 Shares in iShares Gold Trust (NYSEARCA:IAU) Acquired by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,244 shares of the exchange traded fund’s stock, valued at approximately $1,052,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new stake in iShares Gold Trust during the 3rd quarter valued at approximately $95,801,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of iShares Gold Trust by 6,538.7% in the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after acquiring an additional 672,568 shares during the period. Kovitz Investment Group Partners LLC grew its stake in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after acquiring an additional 666,330 shares during the last quarter. Finally, Brave Asset Management Inc. bought a new position in iShares Gold Trust during the third quarter worth $26,169,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $52.87 on Monday. The firm has a fifty day moving average price of $50.39 and a two-hundred day moving average price of $49.21. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $53.18.

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.