HB Wealth Management LLC Has $3.96 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

HB Wealth Management LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 11.3% during the 4th quarter, HoldingsChannel reports. The firm owned 79,967 shares of the exchange traded fund’s stock after acquiring an additional 8,110 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Gold Trust were worth $3,959,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IAU. TCP Asset Management LLC grew its holdings in iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 195 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after acquiring an additional 215 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in iShares Gold Trust by 2.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 215 shares during the period. Howard Financial Services LTD. raised its stake in iShares Gold Trust by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after purchasing an additional 220 shares during the last quarter. Finally, Avaii Wealth Management LLC boosted its holdings in iShares Gold Trust by 1.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after purchasing an additional 249 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $50.99 on Friday. The firm’s 50-day moving average is $49.87 and its 200-day moving average is $48.73. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69.

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.