Thrivent Financial for Lutherans Acquires 106,797 Shares of iShares Gold Trust (NYSEARCA:IAU)

Thrivent Financial for Lutherans boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 97.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,813 shares of the exchange traded fund’s stock after purchasing an additional 106,797 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares Gold Trust were worth $10,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IAU. Bank of New York Mellon Corp lifted its stake in iShares Gold Trust by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock valued at $56,260,000 after acquiring an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in iShares Gold Trust in the fourth quarter valued at $442,000. Sanchez Wealth Management Group acquired a new stake in iShares Gold Trust in the fourth quarter valued at $228,000. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 981,362 shares during the last quarter. Finally, Independent Family Office LLC lifted its stake in 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 acquiring an additional 16,827 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $56.97 on Friday. The firm has a 50-day moving average of $54.10 and a 200-day moving average of $51.37. The stock has a market cap of $40.81 billion, a PE ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52-week low of $41.05 and a 52-week high of $57.59.

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.