Ameliora Wealth Management Ltd. Takes $619,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Ameliora Wealth Management Ltd. purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,500 shares of the exchange traded fund’s stock, valued at approximately $619,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in iShares Gold Trust during the second quarter worth approximately $683,000. Park Avenue Securities LLC boosted its holdings in shares of iShares Gold Trust by 16.5% during the 3rd quarter. Park Avenue Securities LLC now owns 10,286 shares of the exchange traded fund’s stock worth $511,000 after buying an additional 1,459 shares during the period. GAMMA Investing LLC boosted its holdings in shares of iShares Gold Trust by 158.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after buying an additional 887 shares during the period. Diversified Trust Co grew its stake in iShares Gold Trust by 17.4% in the 3rd quarter. Diversified Trust Co now owns 6,506 shares of the exchange traded fund’s stock valued at $323,000 after buying an additional 963 shares during the last quarter. Finally, Cypress Wealth Services LLC acquired a new position in iShares Gold Trust during the 3rd quarter worth $382,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $53.89 on Friday. The stock has a 50-day simple moving average of $50.63 and a 200 day simple moving average of $49.38. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $54.40.

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.