Blue Trust Inc. Grows Stock Holdings in iShares Gold Trust $IAU

Blue Trust Inc. lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 521,320 shares of the exchange traded fund’s stock after purchasing an additional 15,679 shares during the quarter. Blue Trust Inc.’s holdings in iShares Gold Trust were worth $37,936,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MTM Investment Management LLC purchased a new position in iShares Gold Trust during the second quarter worth approximately $25,000. Keener Financial Planning LLC acquired a new stake in shares of iShares Gold Trust in the 2nd quarter worth $25,000. Private Wealth Management Group LLC raised its holdings in shares of iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 320 shares during the period. Key Financial Inc purchased a new position in shares of iShares Gold Trust during the 2nd quarter worth $28,000. Finally, Traub Capital Management LLC acquired a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.4%

Shares of IAU opened at $84.34 on Friday. iShares Gold Trust has a 12-month low of $49.00 and a 12-month high of $84.71. The firm has a market capitalization of $69.50 billion, a P/E ratio of 5.53 and a beta of 0.09. The firm has a 50-day moving average price of $78.54 and a 200 day moving average price of $70.50.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

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

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