Lifeworks Advisors LLC Acquires 29,286 Shares of iShares Gold Trust (NYSEARCA:IAU)

Lifeworks Advisors LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 25.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,452 shares of the exchange traded fund’s stock after buying an additional 29,286 shares during the quarter. iShares Gold Trust accounts for 1.4% of Lifeworks Advisors LLC’s portfolio, making the stock its 10th largest position. Lifeworks Advisors LLC’s holdings in iShares Gold Trust were worth $7,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its stake in shares of iShares Gold Trust by 5.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 436 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of iShares Gold Trust by 254.2% in the 1st quarter. First Eagle Investment Management LLC now owns 4,683 shares of the exchange traded fund’s stock valued at $197,000 after purchasing an additional 3,361 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in iShares Gold Trust by 25.2% during the first quarter. HBK Sorce Advisory LLC now owns 7,830 shares of the exchange traded fund’s stock worth $329,000 after buying an additional 1,575 shares during the last quarter. Blair William & Co. IL raised its position in iShares Gold Trust by 12.8% in the 1st quarter. Blair William & Co. IL now owns 309,042 shares of the exchange traded fund’s stock valued at $12,983,000 after purchasing an additional 35,164 shares during the last quarter. Finally, Kure Advisory LLC grew its holdings in shares of iShares Gold Trust by 3.8% during the first quarter. Kure Advisory LLC now owns 107,761 shares of the exchange traded fund’s stock worth $4,527,000 after purchasing an additional 3,916 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock traded down $0.13 during trading on Thursday, hitting $48.46. The company had a trading volume of 1,484,401 shares, compared to its average volume of 6,046,525. iShares Gold Trust has a 12 month low of $37.02 and a 12 month high of $52.69. The firm has a 50-day moving average price of $50.04 and a 200-day moving average price of $46.85.

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.