Compagnie Lombard Odier SCmA Boosts Position in iShares Gold Trust (NYSEARCA:IAU)

Compagnie Lombard Odier SCmA grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 141.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,772 shares of the exchange traded fund’s stock after acquiring an additional 25,087 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in iShares Gold Trust were worth $2,118,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $27,000. Archer Investment Corp boosted its position in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC boosted its position in shares of iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $55.28 on Friday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $55.30. The stock’s 50 day moving average is $51.07 and its 200 day moving average is $49.70.

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.