GM Advisory Group LLC Boosts Holdings in iShares Gold Trust (NYSEARCA:IAU)

GM Advisory Group LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,014,927 shares of the exchange traded fund’s stock after acquiring an additional 4,889 shares during the period. iShares Gold Trust comprises about 6.0% of GM Advisory Group LLC’s portfolio, making the stock its 2nd largest holding. GM Advisory Group LLC owned 0.31% of iShares Gold Trust worth $100,142,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after buying an additional 479,796 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of iShares Gold Trust by 4,843.7% during the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after purchasing an additional 229,303 shares during the period. Prime Capital Investment Advisors LLC increased its stake in shares of iShares Gold Trust by 2.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock worth $8,992,000 after purchasing an additional 4,189 shares during the period. Prospera Financial Services Inc lifted its holdings in iShares Gold Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock worth $2,213,000 after purchasing an additional 7,001 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in iShares Gold Trust by 66.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after purchasing an additional 581,671 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.8 %

IAU stock opened at $50.44 on Friday. iShares Gold Trust has a fifty-two week low of $37.40 and a fifty-two week high of $52.69. The business’s fifty day moving average price is $50.26 and its two-hundred day moving average price is $47.07.

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.