Panoramic Investment Advisors LLC Invests $265,000 in iShares Gold Trust (NYSEARCA:IAU)

Panoramic Investment Advisors LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,316 shares of the exchange traded fund’s stock, valued at approximately $265,000.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of Nova Scotia boosted its stake in iShares Gold Trust by 5.4% during the third quarter. Bank of Nova Scotia now owns 21,481 shares of the exchange traded fund’s stock valued at $742,000 after buying an additional 1,091 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of iShares Gold Trust by 2.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 27,366 shares of the exchange traded fund’s stock valued at $958,000 after acquiring an additional 713 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of iShares Gold Trust by 585.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock valued at $38,760,000 after acquiring an additional 946,138 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares Gold Trust by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after purchasing an additional 3,815,686 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in iShares Gold Trust by 2.9% during the third quarter. Royal Bank of Canada now owns 3,878,147 shares of the exchange traded fund’s stock valued at $135,696,000 after purchasing an additional 110,785 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU stock traded down $0.06 during trading on Tuesday, hitting $44.00. 2,024,567 shares of the company’s stock traded hands, compared to its average volume of 6,346,974. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $46.08. The business has a fifty day simple moving average of $44.18 and a 200 day simple moving average of $41.45.

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.