Money Design Co. Ltd. lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 155.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,699,667 shares of the exchange traded fund’s stock after acquiring an additional 1,033,181 shares during the quarter. iShares Gold Trust makes up approximately 4.7% of Money Design Co. Ltd.’s holdings, making the stock its 6th biggest holding. Money Design Co. Ltd. owned about 0.20% of iShares Gold Trust worth $56,786,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Alaethes Wealth LLC purchased a new position in shares of iShares Gold Trust during the second quarter worth approximately $25,000. Rain Capital Management LLC purchased a new position in iShares Gold Trust during the second quarter valued at approximately $32,000. Front Row Advisors LLC purchased a new position in iShares Gold Trust during the second quarter valued at approximately $34,000. Trustcore Financial Services LLC increased its holdings in iShares Gold Trust by 799.1% during the second quarter. Trustcore Financial Services LLC now owns 1,025 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 911 shares during the period. Finally, Strategic Blueprint LLC purchased a new position in iShares Gold Trust during the second quarter valued at approximately $35,000. 54.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of IAU stock opened at $34.03 on Thursday. The company’s 50 day moving average is $34.05 and its 200 day moving average is $34.30. iShares Gold Trust has a 52-week low of $31.94 and a 52-week high of $37.26.
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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