Franklin Street Advisors Inc. NC Grows Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Franklin Street Advisors Inc. NC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.3% during the first quarter, Holdings Channel.com reports. The fund owned 6,719 shares of the exchange traded fund’s stock after buying an additional 629 shares during the period. Franklin Street Advisors Inc. NC’s holdings in iShares Gold Trust were worth $282,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of IAU. WealthCare Investment Partners LLC raised its position in shares of iShares Gold Trust by 38.2% during the 1st quarter. WealthCare Investment Partners LLC now owns 104,743 shares of the exchange traded fund’s stock valued at $4,400,000 after buying an additional 28,968 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter valued at about $328,000. Chemistry Wealth Management LLC boosted its stake in shares of iShares Gold Trust by 2.5% in the 1st quarter. Chemistry Wealth Management LLC now owns 291,691 shares of the exchange traded fund’s stock valued at $12,254,000 after buying an additional 7,155 shares during the period. Flagstar Advisors Inc. boosted its stake in shares of iShares Gold Trust by 5.0% in the 1st quarter. Flagstar Advisors Inc. now owns 92,126 shares of the exchange traded fund’s stock valued at $3,870,000 after buying an additional 4,375 shares during the period. Finally, Wealth Management Partners LLC boosted its stake in shares of iShares Gold Trust by 2.7% in the 1st quarter. Wealth Management Partners LLC now owns 196,521 shares of the exchange traded fund’s stock valued at $8,256,000 after buying an additional 5,111 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU traded up $0.44 during midday trading on Thursday, hitting $43.90. The company had a trading volume of 2,213,039 shares, compared to its average volume of 6,418,110. The company’s 50-day simple moving average is $44.25 and its 200-day simple moving average is $41.33. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $46.08.

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.