iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by PFG Advisors

PFG Advisors raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.9% in the second quarter, Holdings Channel.com reports. The fund owned 21,899 shares of the exchange traded fund’s stock after acquiring an additional 403 shares during the period. PFG Advisors’ holdings in iShares Gold Trust were worth $962,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. 1832 Asset Management L.P. acquired a new stake in shares of iShares Gold Trust during the first quarter worth $30,021,000. Cetera Investment Advisers lifted its stake in iShares Gold Trust by 545.9% during the first 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of iShares Gold Trust by 66.2% in the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after buying an additional 581,671 shares during the period. Dynasty Wealth Management LLC purchased a new position in shares of iShares Gold Trust in the first quarter worth approximately $24,048,000. Finally, Wells Fargo & Company MN increased its position in shares of iShares Gold Trust by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock worth $452,449,000 after acquiring an additional 463,281 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $48.80 on Friday. The stock has a fifty day moving average of $46.42 and a 200-day moving average of $44.38. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $48.85.

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.