Lakeview Capital Partners LLC Takes $288,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Lakeview Capital Partners LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 20,392 shares of the exchange traded fund’s stock, valued at approximately $288,000.

Several other hedge funds have also recently added to or reduced their stakes in IAU. Mid Atlantic Financial Management Inc. ADV grew its position in iShares Gold Trust by 12.3% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 35,226 shares of the exchange traded fund’s stock valued at $476,000 after purchasing an additional 3,856 shares in the last quarter. NEXT Financial Group Inc raised its holdings in shares of iShares Gold Trust by 2,330.1% in the 2nd quarter. NEXT Financial Group Inc now owns 39,440 shares of the exchange traded fund’s stock valued at $532,000 after acquiring an additional 37,817 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in shares of iShares Gold Trust by 36.1% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 422,097 shares of the exchange traded fund’s stock valued at $5,952,000 after acquiring an additional 111,886 shares in the last quarter. Confluence Investment Management LLC raised its holdings in shares of iShares Gold Trust by 2.0% in the 2nd quarter. Confluence Investment Management LLC now owns 410,991 shares of the exchange traded fund’s stock valued at $5,548,000 after acquiring an additional 8,167 shares in the last quarter. Finally, Ackerman Capital Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at about $631,000.

Shares of NYSEARCA IAU traded down $0.08 during trading hours on Friday, reaching $13.95. 14,964,485 shares of the stock traded hands, compared to its average volume of 18,158,650. iShares Gold Trust has a 52-week low of $11.49 and a 52-week high of $14.90. The company’s 50-day simple moving average is $14.32 and its two-hundred day simple moving average is $13.61.

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.

Featured Story: What are no-load funds?

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

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.