Baker Avenue Asset Management LP Has $374,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Baker Avenue Asset Management LP raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.9% in the third quarter, Holdings Channel.com reports. The fund owned 7,517 shares of the exchange traded fund’s stock after acquiring an additional 215 shares during the quarter. Baker Avenue Asset Management LP’s holdings in iShares Gold Trust were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC lifted its stake in shares of iShares Gold Trust by 18.0% in the third quarter. Axxcess Wealth Management LLC now owns 1,040,264 shares of the exchange traded fund’s stock worth $51,701,000 after buying an additional 158,897 shares during the last quarter. Sigma Planning Corp increased its holdings in iShares Gold Trust by 9.2% in the 3rd quarter. Sigma Planning Corp now owns 140,730 shares of the exchange traded fund’s stock valued at $6,994,000 after buying an additional 11,852 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in iShares Gold Trust by 2.0% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 215,464 shares of the exchange traded fund’s stock valued at $10,709,000 after buying an additional 4,145 shares during the period. Sheets Smith Wealth Management increased its holdings in iShares Gold Trust by 3.9% in the 3rd quarter. Sheets Smith Wealth Management now owns 18,211 shares of the exchange traded fund’s stock valued at $905,000 after buying an additional 684 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in iShares Gold Trust by 0.4% in the 3rd quarter. Proficio Capital Partners LLC now owns 2,153,091 shares of the exchange traded fund’s stock valued at $107,009,000 after buying an additional 8,763 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $49.51 on Tuesday. The company’s fifty day moving average price is $49.92 and its two-hundred day moving average price is $46.77. iShares Gold Trust has a 52-week low of $36.57 and a 52-week high of $52.69.

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.