Harvest Fund Management Co. Ltd Acquires 884 Shares of iShares Gold Trust (NYSEARCA:IAU)

Harvest Fund Management Co. Ltd grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,538 shares of the exchange traded fund’s stock after purchasing an additional 884 shares during the period. Harvest Fund Management Co. Ltd’s holdings in iShares Gold Trust were worth $5,671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its holdings 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 bought a new stake in shares of iShares Gold Trust in the 4th quarter worth $442,000. Sanchez Wealth Management Group bought a new stake in shares of iShares Gold Trust in the 4th quarter worth $228,000. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 981,362 shares in the last quarter. Finally, Independent Family Office LLC increased its holdings in shares of 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 purchasing an additional 16,827 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $57.27 on Wednesday. iShares Gold Trust has a one year low of $40.64 and a one year high of $57.33. The firm has a market capitalization of $41.03 billion, a P/E ratio of -34.13 and a beta of 0.20. The business has a fifty day moving average of $53.69 and a 200 day moving average of $51.19.

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.