SpiderRock Advisors LLC Purchases Shares of 5,675 iShares Gold Trust (NYSEARCA:IAU)

SpiderRock Advisors LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,675 shares of the exchange traded fund’s stock, valued at approximately $232,000.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $28,000. Private Ocean LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $29,000. Pingora Partners LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $31,000. Signature Resources Capital Management LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $32,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of iShares Gold Trust during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock traded up $0.52 on Friday, reaching $45.07. 3,935,117 shares of the company’s stock were exchanged, compared to its average volume of 6,322,714. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $46.08. The company’s fifty day simple moving average is $44.20 and its 200 day simple moving average is $41.58.

iShares Gold Trust Company 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.