Concurrent Investment Advisors LLC Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Concurrent Investment Advisors LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 114.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,680 shares of the exchange traded fund’s stock after buying an additional 16,389 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares Gold Trust were worth $1,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. TCP Asset Management LLC lifted its holdings in shares of iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 195 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in shares of iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after buying an additional 195 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in shares of iShares Gold Trust by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after buying an additional 212 shares in the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after buying an additional 215 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.1 %

Shares of IAU opened at $55.39 on Friday. The firm’s 50 day simple moving average is $51.75 and its 200 day simple moving average is $50.13. iShares Gold Trust has a 1-year low of $38.21 and a 1-year high of $55.60.

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.