Silver Oak Securities Incorporated Raises Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Silver Oak Securities Incorporated lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 182.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,987 shares of the exchange traded fund’s stock after acquiring an additional 26,469 shares during the period. Silver Oak Securities Incorporated’s holdings in iShares Gold Trust were worth $2,053,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Truist Financial Corp grew its position in iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in shares of iShares Gold Trust during the first quarter worth about $30,021,000. Hsbc Holdings PLC increased its position in iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after acquiring an additional 665,653 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares Gold Trust during the 2nd quarter valued at approximately $26,134,000. Finally, Cetera Investment Advisers lifted its position in iShares Gold Trust by 545.9% during the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after acquiring an additional 586,652 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $51.68 on Friday. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.92. The stock’s 50 day simple moving average is $48.90 and its 200-day simple moving average is $46.16.

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.