Bensler LLC Increases Stake in iShares Gold Trust $IAU

Bensler LLC lifted its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 14.0% in the third quarter, Holdings Channel.com reports. The firm owned 72,635 shares of the exchange traded fund’s stock after buying an additional 8,921 shares during the period. Bensler LLC’s holdings in iShares Gold Trust were worth $5,286,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Citigroup Inc. lifted its position 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 purchasing an additional 4,546,835 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares Gold Trust by 67.5% during 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. Prudential Financial Inc. lifted its stake in iShares Gold Trust by 2,152.7% during the 2nd 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. Packer & Co Ltd purchased a new position in shares of iShares Gold Trust during the 3rd quarter valued at about $156,463,000. Finally, PFG Advisors grew its stake in shares of iShares Gold Trust by 4,797.3% during the 2nd quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock worth $89,323,000 after purchasing an additional 1,403,121 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

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iShares Gold Trust Trading Up 1.5%

NYSEARCA IAU opened at $95.18 on Tuesday. The stock has a market capitalization of $80.30 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The stock has a 50-day moving average of $82.69 and a 200 day moving average of $74.18. iShares Gold Trust has a twelve month low of $51.52 and a twelve month high of $96.12.

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).

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

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