Cwm LLC Has $138.03 Million Holdings in iShares Gold Trust $IAU

Cwm LLC grew its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 82.9% in the third quarter, HoldingsChannel reports. The fund owned 1,896,741 shares of the exchange traded fund’s stock after acquiring an additional 859,525 shares during the period. Cwm LLC’s holdings in iShares Gold Trust were worth $138,026,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. raised its position in iShares Gold Trust by 67.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock worth $680,947,000 after purchasing an additional 4,398,605 shares during the last quarter. WealthNavi Inc. boosted its position in iShares Gold Trust by 8.5% in the 3rd quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after buying an additional 559,413 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after buying an additional 148,881 shares during the period. Truist Financial Corp raised its position in shares of iShares Gold Trust by 14.4% during the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after acquiring an additional 692,844 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of iShares Gold Trust by 809.1% during the second quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after acquiring an additional 4,546,835 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

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iShares Gold Trust Stock Down 0.4%

iShares Gold Trust stock opened at $84.34 on Friday. The business’s 50-day simple moving average is $78.54 and its 200 day simple moving average is $70.50. The stock has a market cap of $69.50 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12-month low of $49.00 and a 12-month high of $84.71.

About iShares Gold Trust

(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).

Further Reading

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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