Newbridge Financial Services Group Inc. Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 813 shares of the exchange traded fund’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. TCP Asset Management LLC raised its stake in iShares Gold Trust by 3.0% during the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after acquiring an additional 195 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its stake in iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 212 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 215 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in iShares Gold Trust by 2.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 215 shares during the period. Finally, Avaii Wealth Management LLC increased its position in iShares Gold Trust by 1.7% during the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after purchasing an additional 249 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.3 %

NYSEARCA IAU opened at $54.69 on Wednesday. The business’s 50 day moving average is $50.88 and its two-hundred day moving average is $49.60. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $54.94.

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.