Sage Rhino Capital LLC Increases Position in iShares Gold Trust (NYSEARCA:IAU)

Sage Rhino Capital LLC increased its position in iShares Gold Trust (NYSEARCA:IAU) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 332,489 shares of the exchange traded fund’s stock after buying an additional 1,554 shares during the period. iShares Gold Trust accounts for about 3.3% of Sage Rhino Capital LLC’s investment portfolio, making the stock its 5th largest holding. Sage Rhino Capital LLC’s holdings in iShares Gold Trust were worth $12,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC grew its position in iShares Gold Trust by 19.7% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 8,396 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 1,383 shares during the last quarter. Compagnie Lombard Odier SCmA grew its position in iShares Gold Trust by 65.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 13,248 shares of the exchange traded fund’s stock worth $464,000 after purchasing an additional 5,220 shares during the last quarter. TriaGen Wealth Management LLC grew its position in iShares Gold Trust by 6.3% in the 3rd quarter. TriaGen Wealth Management LLC now owns 52,985 shares of the exchange traded fund’s stock worth $1,854,000 after purchasing an additional 3,138 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in iShares Gold Trust by 4.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 998,263 shares of the exchange traded fund’s stock worth $34,929,000 after purchasing an additional 46,438 shares during the last quarter. Finally, Sigma Investment Counselors Inc. boosted its position in shares of iShares Gold Trust by 1.0% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 216,445 shares of the exchange traded fund’s stock valued at $7,573,000 after acquiring an additional 2,110 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded down $0.85 during trading on Tuesday, hitting $43.31. 9,228,585 shares of the company’s stock traded hands, compared to its average volume of 6,901,650. The firm’s fifty day moving average price is $41.91 and its 200 day moving average price is $39.41. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $45.98.

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.