Prentiss Smith & Co. Inc. Invests $211,000 in iShares Gold Trust (NYSEARCA:IAU)

Prentiss Smith & Co. Inc. purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,414 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $28,000. North Star Investment Management Corp. raised its position in iShares Gold Trust by 125.7% during the fourth quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 479 shares in the last quarter. Chilton Capital Management LLC raised its position in iShares Gold Trust by 162.8% during the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 542 shares in the last quarter. GAMMA Investing LLC acquired a new position in iShares Gold Trust during the fourth quarter valued at approximately $38,000. Finally, Tompkins Financial Corp acquired a new position in iShares Gold Trust during the fourth quarter valued at approximately $57,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.6 %

IAU traded up $0.25 during trading on Thursday, hitting $44.11. 8,197,347 shares of the stock traded hands, compared to its average volume of 6,860,891. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $45.98. The business has a 50 day moving average price of $41.54 and a 200 day moving average price of $39.20.

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.