First PREMIER Bank Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

First PREMIER Bank increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,414 shares of the exchange traded fund’s stock after buying an additional 301 shares during the quarter. First PREMIER Bank’s holdings in iShares Gold Trust were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter worth about $28,000. Private Ocean LLC purchased a new position in iShares Gold Trust during the first quarter worth approximately $29,000. Pingora Partners LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $31,000. Global Trust Asset Management LLC grew its stake in shares of iShares Gold Trust by 250.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares during the period. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth $32,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.3 %

Shares of IAU traded up $0.15 during trading hours on Thursday, hitting $46.38. The stock had a trading volume of 3,838,589 shares, compared to its average volume of 6,357,336. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $46.93. The company’s fifty day simple moving average is $44.96 and its 200 day simple moving average is $43.04.

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.