iShares Gold Trust (NYSEARCA:IAU) Position Boosted by Advisory Services Network LLC

Advisory Services Network LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 5,390.8% in the first quarter, HoldingsChannel.com reports. The firm owned 732,308 shares of the exchange traded fund’s stock after purchasing an additional 718,971 shares during the quarter. iShares Gold Trust comprises approximately 0.6% of Advisory Services Network LLC’s investment portfolio, making the stock its 16th biggest position. Advisory Services Network LLC’s holdings in iShares Gold Trust were worth $9,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IAU. Rehmann Capital Advisory Group boosted its position in iShares Gold Trust by 5.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 201,303 shares of the exchange traded fund’s stock valued at $2,492,000 after buying an additional 10,517 shares during the period. Meridian Wealth Management LLC purchased a new stake in iShares Gold Trust in the 1st quarter valued at about $32,000. Belpointe Asset Management LLC boosted its position in iShares Gold Trust by 125.0% in the 1st quarter. Belpointe Asset Management LLC now owns 21,843 shares of the exchange traded fund’s stock valued at $270,000 after buying an additional 12,137 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in iShares Gold Trust by 2.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 42,448 shares of the exchange traded fund’s stock valued at $526,000 after buying an additional 962 shares during the period. Finally, Twin Focus Capital Partners LLC boosted its position in iShares Gold Trust by 0.4% in the 1st quarter. Twin Focus Capital Partners LLC now owns 603,211 shares of the exchange traded fund’s stock valued at $7,468,000 after buying an additional 2,300 shares during the period.

iShares Gold Trust stock opened at $12.83 on Monday. iShares Gold Trust has a 1 year low of $11.25 and a 1 year high of $12.95.

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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.

Read More: Net Margin

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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