Centurion Wealth Management LLC Boosts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Centurion Wealth Management LLC lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,060 shares of the exchange traded fund’s stock after purchasing an additional 674 shares during the period. Centurion Wealth Management LLC’s holdings in iShares Gold Trust were worth $276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PFG Advisors increased its stake in shares of iShares Gold Trust by 3.7% in the 4th quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock worth $818,000 after acquiring an additional 754 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in iShares Gold Trust by 203.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after purchasing an additional 13,101 shares in the last quarter. Hsbc Holdings PLC increased its stake in iShares Gold Trust by 6.7% during the 3rd quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock valued at $3,482,000 after purchasing an additional 6,263 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in iShares Gold Trust by 57.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 205,700 shares of the exchange traded fund’s stock valued at $7,197,000 after purchasing an additional 75,200 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in iShares Gold Trust by 96.8% during the 3rd quarter. Wellington Management Group LLP now owns 275,900 shares of the exchange traded fund’s stock valued at $9,654,000 after purchasing an additional 135,700 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.7 %

NYSEARCA:IAU traded up $0.73 on Friday, reaching $43.95. 7,204,353 shares of the stock traded hands, compared to its average volume of 6,844,600. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $44.07. The company’s fifty day simple moving average is $39.93 and its 200 day simple moving average is $38.36.

iShares Gold Trust 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.