Financial Management Network Inc. Buys 2,745 Shares of iShares Gold Trust (NYSEARCA:IAU)

Financial Management Network Inc. grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 72,417 shares of the exchange traded fund’s stock after purchasing an additional 2,745 shares during the period. Financial Management Network Inc.’s holdings in iShares Gold Trust were worth $3,606,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its holdings in iShares Gold Trust by 17.1% during the 4th quarter. Global Retirement Partners LLC now owns 31,470 shares of the exchange traded fund’s stock worth $1,558,000 after purchasing an additional 4,590 shares in the last quarter. Bigelow Investment Advisors LLC boosted its stake in shares of iShares Gold Trust by 14.4% in the 4th quarter. Bigelow Investment Advisors LLC now owns 121,645 shares of the exchange traded fund’s stock worth $6,023,000 after buying an additional 15,354 shares during the last quarter. Plan Group Financial LLC boosted its stake in shares of iShares Gold Trust by 3.9% in the 4th quarter. Plan Group Financial LLC now owns 44,558 shares of the exchange traded fund’s stock worth $2,206,000 after buying an additional 1,690 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $2,433,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $2,340,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $55.37 on Wednesday. iShares Gold Trust has a twelve month low of $38.21 and a twelve month high of $55.44. The stock’s 50 day moving average price is $51.37 and its 200-day moving average price is $49.92.

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.