Old Port Advisors Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Old Port Advisors grew its position in iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,841 shares of the exchange traded fund’s stock after purchasing an additional 8,480 shares during the period. iShares Gold Trust comprises about 1.3% of Old Port Advisors’ portfolio, making the stock its 13th largest position. Old Port Advisors’ holdings in iShares Gold Trust were worth $3,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its holdings in iShares Gold Trust by 198.5% during the third quarter. Vontobel Holding Ltd. now owns 85,860 shares of the exchange traded fund’s stock worth $2,707,000 after buying an additional 57,093 shares during the last quarter. American Trust increased its holdings in iShares Gold Trust by 3.4% during the third quarter. American Trust now owns 11,894 shares of the exchange traded fund’s stock worth $375,000 after buying an additional 390 shares during the last quarter. Congress Wealth Management LLC DE increased its holdings in iShares Gold Trust by 1,489.4% during the third quarter. Congress Wealth Management LLC DE now owns 110,082 shares of the exchange traded fund’s stock worth $3,471,000 after buying an additional 103,156 shares during the last quarter. Pinnacle Financial Partners Inc. increased its holdings in iShares Gold Trust by 28.8% during the third quarter. Pinnacle Financial Partners Inc. now owns 51,352 shares of the exchange traded fund’s stock worth $1,619,000 after buying an additional 11,475 shares during the last quarter. Finally, Winch Advisory Services LLC purchased a new stake in iShares Gold Trust during the third quarter worth about $1,759,000. Hedge funds and other institutional investors own 62.40% of the company’s stock.

iShares Gold Trust Trading Up 2.9 %

IAU opened at $37.49 on Friday. The firm has a 50-day moving average price of $35.65 and a 200-day moving average price of $33.76. iShares Gold Trust has a twelve month low of $30.69 and a twelve month high of $37.90.

About iShares Gold Trust

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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.