Northcape Wealth Management LLC Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

Northcape Wealth Management LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 23.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,535 shares of the exchange traded fund’s stock after purchasing an additional 3,000 shares during the quarter. Northcape Wealth Management LLC’s holdings in iShares Gold Trust were worth $682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IAU. Private Ocean LLC purchased a new position in shares of iShares Gold Trust during the first quarter worth about $29,000. Global Trust Asset Management LLC grew its stake in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Gold Trust in the 2nd quarter worth $31,000. Opal Wealth Advisors LLC bought a new position in shares of iShares Gold Trust in the 2nd quarter worth $34,000. Finally, Pingora Partners LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded up $0.55 during trading on Friday, reaching $47.43. The company’s stock had a trading volume of 4,430,396 shares, compared to its average volume of 6,287,827. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $47.83. The firm’s 50-day moving average is $45.39 and its two-hundred day moving average is $43.45.

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.