LVM Capital Management Ltd. MI boosted its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 290,431 shares of the exchange traded fund’s stock after acquiring an additional 5,261 shares during the quarter. iShares Gold Trust comprises 1.5% of LVM Capital Management Ltd. MI’s holdings, making the stock its 18th biggest position. LVM Capital Management Ltd. MI’s holdings in iShares Gold Trust were worth $14,379,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. FMR LLC raised its position in iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after acquiring an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC raised its holdings in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after purchasing an additional 111,210 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. boosted its holdings in iShares Gold Trust by 4.2% during the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after buying an additional 233,999 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of NYSEARCA:IAU traded up $0.45 on Friday, reaching $50.74. 5,241,222 shares of the company traded hands, compared to its average volume of 4,411,992. The company’s 50 day moving average is $49.92 and its 200-day moving average is $48.41. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69.
iShares Gold Trust Company Profile
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.
Featured Stories
- Five stocks we like better than iShares Gold Trust
- Stock Splits, Do They Really Impact Investors?
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- Top Stocks Investing in 5G Technology
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- Russell 2000 Index, How Investors Use it For Profitable Trading
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
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:IAU – Free Report).
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.