Capital Group Private Client Services Inc. Has $33.90 Million Position in iShares Gold Trust $IAU

Capital Group Private Client Services Inc. grew its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 417,576 shares of the exchange traded fund’s stock after purchasing an additional 21,336 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in iShares Gold Trust were worth $33,895,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Schmidt P J Investment Management Inc. lifted its stake in shares of iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after acquiring an additional 106 shares during the period. Foster Group Inc. lifted its stake in shares of iShares Gold Trust by 2.4% during the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after acquiring an additional 120 shares during the period. Nemes Rush Group LLC lifted its stake in shares of iShares Gold Trust by 1.9% during the fourth quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock valued at $567,000 after acquiring an additional 130 shares during the period. Two West Capital Advisors LLC lifted its stake in shares of iShares Gold Trust by 1.9% during the fourth quarter. Two West Capital Advisors LLC now owns 7,035 shares of the exchange traded fund’s stock valued at $571,000 after acquiring an additional 132 shares during the period. Finally, Focused Wealth Management Inc lifted its stake in shares of iShares Gold Trust by 3.4% during the fourth quarter. Focused Wealth Management Inc now owns 4,063 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 3.6%

Shares of IAU opened at $81.22 on Friday. iShares Gold Trust has a 12-month low of $61.37 and a 12-month high of $104.40. The firm has a market capitalization of $69.15 billion, a PE ratio of 5.53 and a beta of 0.15. The stock’s fifty day simple moving average is $87.03 and its 200-day simple moving average is $87.51.

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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

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

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