iShares Gold Trust (NYSEARCA:IAU) Stake Boosted by Guidance Capital Inc.

Guidance Capital Inc. grew its position in iShares Gold Trust (NYSEARCA:IAU) by 32.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,134 shares of the exchange traded fund’s stock after purchasing an additional 10,605 shares during the period. iShares Gold Trust comprises approximately 0.7% of Guidance Capital Inc.’s holdings, making the stock its 23rd largest holding. Guidance Capital Inc.’s holdings in iShares Gold Trust were worth $2,256,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in IAU. AQR Capital Management LLC acquired a new position in iShares Gold Trust in the 2nd quarter worth approximately $683,000. Park Avenue Securities LLC lifted its holdings in shares of iShares Gold Trust by 16.5% in the third quarter. Park Avenue Securities LLC now owns 10,286 shares of the exchange traded fund’s stock valued at $511,000 after purchasing an additional 1,459 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of iShares Gold Trust by 158.7% in the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after buying an additional 887 shares during the period. Diversified Trust Co grew its holdings in shares of iShares Gold Trust by 17.4% during the third quarter. Diversified Trust Co now owns 6,506 shares of the exchange traded fund’s stock valued at $323,000 after buying an additional 963 shares in the last quarter. Finally, Callan Family Office LLC raised its position in iShares Gold Trust by 15.2% during the third quarter. Callan Family Office LLC now owns 107,946 shares of the exchange traded fund’s stock valued at $5,365,000 after buying an additional 14,236 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $53.69 on Wednesday. iShares Gold Trust has a one year low of $37.53 and a one year high of $53.69. The business has a 50-day moving average price of $50.46 and a two-hundred day moving average price of $49.28.

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.