iShares Gold Trust $IAU Stake Raised by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 6.2% in the third quarter, HoldingsChannel.com reports. The firm owned 142,474 shares of the exchange traded fund’s stock after acquiring an additional 8,311 shares during the quarter. iShares Gold Trust accounts for about 4.2% of Bigelow Investment Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Bigelow Investment Advisors LLC’s holdings in iShares Gold Trust were worth $10,368,000 at the end of the most recent reporting period.

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

iShares Gold Trust Stock Up 0.5%

Shares of NYSEARCA IAU opened at $81.56 on Monday. The firm has a market cap of $68.71 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52-week low of $49.51 and a 52-week high of $85.68. The business’s 50 day moving average is $78.96 and its two-hundred day moving average is $71.39.

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iShares Gold Trust 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).

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

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