Q3 Asset Management Invests $2.45 Million in iShares Gold Trust (IAU) Stock

Q3 Asset Management acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the second quarter, HoldingsChannel reports. The institutional investor acquired 204,118 shares of the exchange traded fund’s stock, valued at approximately $2,453,000. iShares Gold Trust accounts for 2.7% of Q3 Asset Management’s investment portfolio, making the stock its 19th largest position.

A number of other large investors have also made changes to their positions in IAU. BDO Wealth Advisors LLC grew its stake in shares of iShares Gold Trust by 125.6% during the 1st quarter. BDO Wealth Advisors LLC now owns 9,025 shares of the exchange traded fund’s stock worth $115,000 after acquiring an additional 5,025 shares during the period. Fulton Bank N.A. bought a new position in shares of iShares Gold Trust during the 2nd quarter worth $124,000. Lido Advisors LLC bought a new position in shares of iShares Gold Trust during the 1st quarter worth $135,000. Ahrens Investment Partners LLC bought a new position in shares of iShares Gold Trust during the 1st quarter worth $136,000. Finally, West Branch Capital LLC bought a new position in shares of iShares Gold Trust during the 1st quarter worth $143,000.

iShares Gold Trust opened at $11.61 on Friday, Marketbeat reports. iShares Gold Trust has a fifty-two week low of $11.58 and a fifty-two week high of $13.11.

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.

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

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