Leonard Rickey Investment Advisors P.L.L.C. Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 188.2% in the 1st quarter, HoldingsChannel reports. The firm owned 240,083 shares of the exchange traded fund’s stock after acquiring an additional 156,790 shares during the quarter. iShares Gold Trust accounts for approximately 2.6% of Leonard Rickey Investment Advisors P.L.L.C.’s investment portfolio, making the stock its 14th biggest holding. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in iShares Gold Trust were worth $10,086,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IAU. ORG Partners LLC purchased a new stake in iShares Gold Trust in the 4th quarter worth about $28,000. Private Ocean LLC purchased a new position in shares of iShares Gold Trust in the first quarter worth about $29,000. Pingora Partners LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter worth about $31,000. Signature Resources Capital Management LLC bought a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $32,000. Finally, Chilton Capital Management LLC lifted its stake in shares of iShares Gold Trust by 162.8% during the 4th quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 542 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 0.4 %

IAU traded down $0.16 on Tuesday, hitting $43.90. The company’s stock had a trading volume of 3,284,348 shares, compared to its average volume of 6,356,972. The company’s 50 day simple moving average is $44.18 and its 200-day simple moving average is $41.45. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $46.08.

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.