Empowered Funds LLC Buys Shares of 64,225 iShares Gold Trust (NYSEARCA:IAU)

Empowered Funds LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 64,225 shares of the exchange traded fund’s stock, valued at approximately $3,180,000.

A number of other hedge funds have also recently made changes to their positions in IAU. Exchange Traded Concepts LLC bought a new stake in iShares Gold Trust during the 3rd quarter valued at about $163,000. Procyon Advisors LLC bought a new stake in shares of iShares Gold Trust during the third quarter valued at approximately $226,000. CX Institutional bought a new stake in shares of iShares Gold Trust during the third quarter valued at approximately $503,000. NBC Securities Inc. raised its holdings in iShares Gold Trust by 11.5% in the 3rd quarter. NBC Securities Inc. now owns 6,083 shares of the exchange traded fund’s stock worth $302,000 after acquiring an additional 629 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in iShares Gold Trust by 41.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 8,072 shares of the exchange traded fund’s stock valued at $401,000 after acquiring an additional 2,363 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $55.28 on Friday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $55.30. The stock has a fifty day simple moving average of $51.07 and a two-hundred day simple moving average of $49.70.

iShares Gold Trust 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.