Tocqueville Asset Management L.P. increased its position in iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,609,979 shares of the exchange traded fund’s stock after purchasing an additional 36,610 shares during the period. Tocqueville Asset Management L.P.’s holdings in iShares Gold Trust were worth $35,235,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Meridian Wealth Management LLC bought a new stake in iShares Gold Trust in the first quarter worth $32,000. Destination Wealth Management boosted its holdings in iShares Gold Trust by 90.4% in the second quarter. Destination Wealth Management now owns 2,393 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 1,136 shares in the last quarter. Investors Research Corp bought a new stake in iShares Gold Trust in the first quarter worth $35,000. Financial Management Professionals Inc. boosted its holdings in iShares Gold Trust by 89.1% in the first quarter. Financial Management Professionals Inc. now owns 3,396 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Ellevest Inc. boosted its holdings in iShares Gold Trust by 100.6% in the first quarter. Ellevest Inc. now owns 4,564 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,289 shares in the last quarter.
iShares Gold Trust stock traded up $0.15 during mid-day trading on Monday, hitting $14.48. The company had a trading volume of 768,186 shares, compared to its average volume of 16,501,936. The business has a 50 day simple moving average of $13.61. iShares Gold Trust has a 12 month low of $11.25 and a 12 month high of $14.45.
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.
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