Mirae Asset Global Investments Co. Ltd. Increases Position in iShares Gold Trust (NYSEARCA:IAU)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 720,398 shares of the exchange traded fund’s stock after acquiring an additional 92,479 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.11% of iShares Gold Trust worth $36,085,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after acquiring an additional 1,339,100 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in iShares Gold Trust during the first quarter worth approximately $30,021,000. Hsbc Holdings PLC raised its stake in iShares Gold Trust by 713.8% during the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after purchasing an additional 665,653 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at $26,134,000. Finally, Cetera Investment Advisers increased its holdings in shares of iShares Gold Trust by 545.9% during the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after buying an additional 586,652 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.2 %

Shares of IAU opened at $51.80 on Friday. iShares Gold Trust has a twelve month low of $36.57 and a twelve month high of $51.92. The stock’s fifty day simple moving average is $49.09 and its 200 day simple moving average is $46.25.

iShares Gold Trust 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.