iShares Gold Trust (NYSEARCA:IAU) Sees Strong Trading Volume

Shares of iShares Gold Trust (NYSEARCA:IAU) saw strong trading volume on Tuesday . 7,259,096 shares were traded during trading, an increase of 14% from the previous session’s volume of 6,357,826 shares.The stock last traded at $46.67 and had previously closed at $46.67.

iShares Gold Trust Stock Down 0.1 %

The stock has a 50 day moving average of $44.84 and a 200 day moving average of $42.94.

Hedge Funds Weigh In On iShares Gold Trust

Hedge funds have recently bought and sold shares of the company. Financial Sense Advisors Inc. boosted its holdings in shares of iShares Gold Trust by 0.4% during the 1st quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after buying an additional 230 shares in the last quarter. Pettinga Financial Advisors LLC boosted its stake in iShares Gold Trust by 2.5% during the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after acquiring an additional 245 shares in the last quarter. Spire Wealth Management grew its holdings in iShares Gold Trust by 1.2% in the first quarter. Spire Wealth Management now owns 21,289 shares of the exchange traded fund’s stock worth $894,000 after purchasing an additional 257 shares during the period. EP Wealth Advisors LLC grew its holdings in iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after purchasing an additional 262 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its stake in iShares Gold Trust by 2.0% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock valued at $541,000 after purchasing an additional 277 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

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.