Evolution Wealth Advisors LLC Has $351,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

Evolution Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 69.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,085 shares of the exchange traded fund’s stock after acquiring an additional 2,895 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $351,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Dakota Wealth Management lifted its position in iShares Gold Trust by 1.4% during the 4th quarter. Dakota Wealth Management now owns 326,120 shares of the exchange traded fund’s stock valued at $16,146,000 after purchasing an additional 4,580 shares during the period. Braun Bostich & Associates Inc. bought a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $917,000. XML Financial LLC increased its stake in shares of iShares Gold Trust by 63.1% in the 4th quarter. XML Financial LLC now owns 9,302 shares of the exchange traded fund’s stock valued at $461,000 after acquiring an additional 3,600 shares during the last quarter. Genesis Private Wealth LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $278,000. Finally, Bourgeon Capital Management LLC increased its stake in shares of iShares Gold Trust by 31.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 6,346 shares of the exchange traded fund’s stock valued at $314,000 after acquiring an additional 1,500 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.5 %

Shares of IAU stock opened at $52.03 on Thursday. The stock has a 50-day moving average of $49.95 and a 200-day moving average of $48.86. iShares Gold Trust has a one year low of $37.53 and a one year high of $52.69.

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.