Townsend & Associates Inc Acquires 2,790 Shares of iShares Gold Trust (NYSEARCA:IAU)

Townsend & Associates Inc grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 261,128 shares of the exchange traded fund’s stock after purchasing an additional 2,790 shares during the quarter. Townsend & Associates Inc’s holdings in iShares Gold Trust were worth $9,944,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IAU. Charles Schwab Investment Management Inc. grew its stake in iShares Gold Trust by 226.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after purchasing an additional 4,200,989 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Gold Trust by 58.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after buying an additional 3,815,686 shares during the last quarter. First Command Advisory Services Inc. bought a new position in shares of iShares Gold Trust during the 3rd quarter worth approximately $50,473,000. Axxcess Wealth Management LLC lifted its position in iShares Gold Trust by 585.5% during the third quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock valued at $38,760,000 after acquiring an additional 946,138 shares during the last quarter. Finally, TIAA Trust National Association acquired a new stake in iShares Gold Trust in the third quarter valued at approximately $29,403,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock traded up $0.46 during trading hours on Thursday, reaching $44.11. 4,861,656 shares of the company’s stock were exchanged, compared to its average volume of 6,931,011. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $45.98. The stock’s 50 day moving average is $42.64 and its 200-day moving average is $39.73.

iShares Gold Trust Company 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.