Proficio Capital Partners LLC Acquires 8,443 Shares of iShares Gold Trust (NYSEARCA:IAU)

Proficio Capital Partners LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.4% during the first quarter, Holdings Channel reports. The fund owned 2,099,813 shares of the exchange traded fund’s stock after acquiring an additional 8,443 shares during the quarter. iShares Gold Trust comprises about 9.7% of Proficio Capital Partners LLC’s holdings, making the stock its biggest holding. Proficio Capital Partners LLC’s holdings in iShares Gold Trust were worth $88,213,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. PFG Advisors boosted its stake in iShares Gold Trust by 3.7% in the 4th quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock valued at $818,000 after purchasing an additional 754 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in iShares Gold Trust by 203.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after purchasing an additional 13,101 shares during the period. Sequoia Financial Advisors LLC bought a new stake in iShares Gold Trust in the 4th quarter valued at $544,000. Geneos Wealth Management Inc. boosted its stake in iShares Gold Trust by 10.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after purchasing an additional 282 shares during the period. Finally, Southland Equity Partners LLC boosted its stake in iShares Gold Trust by 21.8% in the 1st quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock valued at $373,000 after purchasing an additional 1,590 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

IAU traded up $0.06 during trading on Tuesday, hitting $44.66. The stock had a trading volume of 3,012,026 shares, compared to its average volume of 6,284,997. The company has a 50 day moving average price of $44.25 and a 200-day moving average price of $41.75. iShares Gold Trust has a one year low of $34.35 and a one year high of $46.08.

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.