Matrix Trust Co Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Matrix Trust Co raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 619.4% during the 4th quarter, Holdings Channel reports. The firm owned 14,517 shares of the exchange traded fund’s stock after purchasing an additional 12,499 shares during the quarter. Matrix Trust Co’s holdings in iShares Gold Trust were worth $719,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after purchasing an additional 479,796 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares Gold Trust by 9.6% in 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 in the last quarter. Independent Family Office LLC lifted its holdings in shares of iShares Gold Trust by 4.1% in the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after purchasing an additional 16,827 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of iShares Gold Trust by 4,843.7% in the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after purchasing an additional 229,303 shares in the last quarter. Finally, Silverleafe Capital Partners LLC lifted its holdings in shares of iShares Gold Trust by 0.4% in the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $50.78 on Monday. The firm has a 50 day simple moving average of $49.90 and a 200-day simple moving average of $48.53. iShares Gold Trust has a 1-year low of $37.53 and a 1-year 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.