AllGen Financial Advisors Inc. Takes Position in iShares Gold Trust (NYSEARCA:IAU)

AllGen Financial Advisors Inc. acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 329,144 shares of the exchange traded fund’s stock, valued at approximately $12,846,000. iShares Gold Trust comprises approximately 6.7% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 4th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. NavPoint Financial Inc. bought a new position in iShares Gold Trust in the fourth quarter valued at about $3,068,000. NTV Asset Management LLC increased its position in shares of iShares Gold Trust by 9.3% during the 4th quarter. NTV Asset Management LLC now owns 190,073 shares of the exchange traded fund’s stock valued at $7,419,000 after purchasing an additional 16,173 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of iShares Gold Trust by 4.1% in the 4th quarter. National Bank of Canada FI now owns 415,407 shares of the exchange traded fund’s stock worth $16,167,000 after purchasing an additional 16,411 shares during the period. Blue Fin Capital Inc. purchased a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $605,000. Finally, Sapient Capital LLC bought a new stake in iShares Gold Trust during the fourth quarter valued at approximately $7,215,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.1 %

IAU stock traded down $0.03 during midday trading on Friday, reaching $43.52. 10,297,347 shares of the company’s stock traded hands, compared to its average volume of 10,135,161. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $45.98. The stock’s 50-day moving average is $42.32 and its 200 day moving average is $39.61.

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.