iShares Gold Trust (NYSEARCA:IAU) is Chatham Capital Group Inc.’s 4th Largest Position

Chatham Capital Group Inc. lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,745 shares of the exchange traded fund’s stock after purchasing an additional 9,175 shares during the period. iShares Gold Trust accounts for approximately 3.3% of Chatham Capital Group Inc.’s holdings, making the stock its 4th largest position. Chatham Capital Group Inc.’s holdings in iShares Gold Trust were worth $20,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of iShares Gold Trust by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock worth $56,260,000 after purchasing an additional 62,195 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in iShares Gold Trust in the 4th quarter worth $442,000. Sanchez Wealth Management Group purchased a new stake in iShares Gold Trust in the 4th quarter worth $228,000. JPMorgan Chase & Co. increased its stake in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares in the last quarter. Finally, Independent Family Office LLC increased its stake in iShares Gold Trust by 4.1% in the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after buying an additional 16,827 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $54.87 on Friday. iShares Gold Trust has a 52-week low of $40.63 and a 52-week high of $55.70. The firm has a market capitalization of $37.24 billion, a PE ratio of -33.32 and a beta of 0.20. The stock has a fifty day simple moving average of $52.71 and a two-hundred day simple moving average of $50.67.

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.