Pinnacle Associates Ltd. bought a new position in iShares Gold Trust(ETF) (NYSEARCA:IAU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,235 shares of the exchange traded fund’s stock, valued at approximately $122,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Hanson McClain Inc. increased its position in iShares Gold Trust(ETF) by 38.0% in the second quarter. Hanson McClain Inc. now owns 8,654 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 2,382 shares during the last quarter. BDO Wealth Advisors LLC bought a new stake in iShares Gold Trust(ETF) in the second quarter worth $116,000. Courage Miller Partners LLC bought a new stake in iShares Gold Trust(ETF) in the second quarter worth $123,000. Allegis Investment Advisors LLC bought a new stake in iShares Gold Trust(ETF) in the second quarter worth $127,000. Finally, Pinnacle Financial Partners Inc. increased its position in iShares Gold Trust(ETF) by 5.8% in the second quarter. Pinnacle Financial Partners Inc. now owns 10,959 shares of the exchange traded fund’s stock worth $131,000 after purchasing an additional 600 shares during the last quarter.

Shares of iShares Gold Trus (NYSEARCA IAU) opened at 12.76 on Tuesday. The company has a 50-day moving average of $12.39 and a 200 day moving average of $12.10. iShares Gold Trus has a 12 month low of $10.81 and a 12 month high of $12.98.

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About iShares Gold Trust(ETF)

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.

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

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