iShares Gold Trust (NYSEARCA:IAU) Sets New 1-Year High – Here’s What Happened

iShares Gold Trust (NYSEARCA:IAU)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $52.76 and last traded at $52.75, with a volume of 2382905 shares traded. The stock had previously closed at $52.00.

iShares Gold Trust Price Performance

The company has a 50 day moving average of $50.31 and a 200 day moving average of $49.12.

Institutional Investors Weigh In On iShares Gold Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC lifted its holdings in iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after purchasing an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after acquiring an additional 142,487 shares during the last quarter. Empower Advisory Group LLC boosted 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 acquiring an additional 111,210 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after acquiring an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. increased its holdings in iShares Gold Trust by 4.2% during the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after purchasing 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 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.