Arkansas Financial Group Inc. Acquires 10,370 Shares of iShares Gold Trust $IAU

Arkansas Financial Group Inc. increased its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 45.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,159 shares of the exchange traded fund’s stock after purchasing an additional 10,370 shares during the period. Arkansas Financial Group Inc.’s holdings in iShares Gold Trust were worth $2,428,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in IAU. Citigroup Inc. raised its holdings in shares of iShares Gold Trust by 809.1% in the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after buying an additional 4,546,835 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $680,947,000 after buying an additional 4,398,605 shares in the last quarter. Prudential Financial Inc. grew its position in iShares Gold Trust by 2,152.7% in the second quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock valued at $217,892,000 after acquiring an additional 3,339,000 shares during the period. PFG Advisors grew its position in iShares Gold Trust by 4,797.3% in the second quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock valued at $89,323,000 after acquiring an additional 1,403,121 shares during the period. Finally, Mainstay Capital Management LLC ADV raised its stake in iShares Gold Trust by 12,087.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after acquiring an additional 1,318,237 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $84.89 on Friday. iShares Gold Trust has a 52-week low of $50.14 and a 52-week high of $85.68. The business has a fifty day moving average of $79.88 and a two-hundred day moving average of $72.06. The stock has a market cap of $71.29 billion, a PE ratio of 5.53 and a beta of 0.09.

iShares Gold Trust News Summary

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

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).

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)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.