D.A. Davidson & CO. Increases Position in iShares Gold Trust (NYSEARCA:IAU)

D.A. Davidson & CO. lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 137.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,895 shares of the exchange traded fund’s stock after purchasing an additional 60,131 shares during the period. D.A. Davidson & CO.’s holdings in iShares Gold Trust were worth $5,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after purchasing an additional 1,507,442 shares in the last quarter. Wealth Quarterback LLC boosted its position in shares of iShares Gold Trust by 60.8% during the fourth quarter. Wealth Quarterback LLC now owns 33,107 shares of the exchange traded fund’s stock worth $1,639,000 after acquiring an additional 12,512 shares during the last quarter. 5T Wealth LLC bought a new position in shares of iShares Gold Trust during the fourth quarter worth $631,000. NTV Asset Management LLC boosted its position in shares of iShares Gold Trust by 0.7% during the fourth quarter. NTV Asset Management LLC now owns 191,980 shares of the exchange traded fund’s stock worth $9,505,000 after acquiring an additional 1,377 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of iShares Gold Trust by 1.6% during the fourth quarter. Sanctuary Advisors LLC now owns 801,641 shares of the exchange traded fund’s stock worth $42,295,000 after acquiring an additional 12,841 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $55.42 on Thursday. The firm has a fifty day moving average price of $51.46 and a 200 day moving average price of $49.98. iShares Gold Trust has a fifty-two week low of $38.21 and a fifty-two week high of $55.49.

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.