True Vision MN LLC Makes New $855,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

True Vision MN LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 17,266 shares of the exchange traded fund’s stock, valued at approximately $855,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sovran Advisors LLC bought a new position in iShares Gold Trust in the fourth quarter valued at approximately $778,000. Stonebridge Financial Group LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $8,824,000. Essex Financial Services Inc. grew its stake in shares of iShares Gold Trust by 7.0% in the fourth quarter. Essex Financial Services Inc. now owns 15,512 shares of the exchange traded fund’s stock valued at $768,000 after buying an additional 1,021 shares in the last quarter. Sapient Capital LLC increased its holdings in iShares Gold Trust by 1.4% during the fourth quarter. Sapient Capital LLC now owns 185,642 shares of the exchange traded fund’s stock worth $9,191,000 after buying an additional 2,590 shares during the last quarter. Finally, Soltis Investment Advisors LLC acquired a new stake in iShares Gold Trust in the fourth quarter valued at $282,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $54.88 on Tuesday. The firm has a 50-day moving average of $50.78 and a 200-day moving average of $49.52. iShares Gold Trust has a one year low of $37.53 and a one year high of $54.95.

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.