Meridian Investment Counsel Inc. boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 1.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,570 shares of the exchange traded fund’s stock after buying an additional 4,500 shares during the period. iShares Gold Trust makes up approximately 1.7% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 10th biggest position. Meridian Investment Counsel Inc.’s holdings in iShares Gold Trust were worth $3,084,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IAU. Alliancebernstein L.P. boosted its stake in iShares Gold Trust by 55.6% during the 4th quarter. Alliancebernstein L.P. now owns 24,851 shares of the exchange traded fund’s stock valued at $311,000 after purchasing an additional 8,885 shares during the last quarter. Wells Fargo & Company MN boosted its stake in iShares Gold Trust by 16.4% during the 1st quarter. Wells Fargo & Company MN now owns 10,281,148 shares of the exchange traded fund’s stock valued at $130,879,000 after purchasing an additional 1,450,542 shares during the last quarter. Howland Capital Management LLC boosted its stake in iShares Gold Trust by 3.7% during the 1st quarter. Howland Capital Management LLC now owns 158,816 shares of the exchange traded fund’s stock valued at $2,022,000 after purchasing an additional 5,692 shares during the last quarter. D.B. Root & Company LLC acquired a new position in iShares Gold Trust during the 1st quarter valued at about $201,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in iShares Gold Trust by 15.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 571,809 shares of the exchange traded fund’s stock valued at $7,279,000 after purchasing an additional 74,690 shares during the last quarter.

IAU stock opened at $11.31 on Friday. iShares Gold Trust has a 52-week low of $11.25 and a 52-week high of $13.11.

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.

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

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