12,000 Shares in iShares Gold Trust (NYSEARCA:IAU) Purchased by Armbruster Capital Management Inc.

Armbruster Capital Management Inc. acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, Holdings Channel.com reports. The fund acquired 12,000 shares of the exchange traded fund’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of iShares Gold Trust in the 3rd quarter valued at approximately $95,801,000. Truist Financial Corp boosted its holdings in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the period. JPMorgan Chase & Co. increased its stake in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after purchasing an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after buying an additional 666,330 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

NYSEARCA IAU opened at $52.31 on Monday. iShares Gold Trust has a one year low of $37.53 and a one year high of $52.69. The company has a 50-day simple moving average of $50.17 and a 200-day simple moving average of $48.98.

About iShares Gold Trust

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.