5,437 Shares in iShares Gold Trust (NYSEARCA:IAU) Bought by Avalon Capital Management

Avalon Capital Management purchased a new position in iShares Gold Trust (NYSEARCA:IAU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,437 shares of the exchange traded fund’s stock, valued at approximately $228,000.

Several other large investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. increased its position in iShares Gold Trust by 0.6% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock worth $841,983,000 after purchasing an additional 121,364 shares during the last quarter. Wells Fargo & Company MN increased its position in iShares Gold Trust by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock worth $452,449,000 after purchasing an additional 463,281 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares Gold Trust by 58.9% during the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after acquiring an additional 3,815,686 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in iShares Gold Trust by 226.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after acquiring an additional 4,200,989 shares during the last quarter. Finally, WealthNavi Inc. increased its position in iShares Gold Trust by 12.9% during the fourth quarter. WealthNavi Inc. now owns 4,414,668 shares of the exchange traded fund’s stock valued at $172,304,000 after acquiring an additional 505,352 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.1 %

IAU stock traded down $0.03 during mid-day trading on Friday, reaching $43.93. 2,696,042 shares of the stock traded hands, compared to its average volume of 4,214,622. iShares Gold Trust has a one year low of $34.35 and a one year high of $46.08. The business has a 50-day moving average price of $44.18 and a two-hundred day moving average price of $41.43.

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.