Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 813 shares of the exchange traded fund’s stock, valued at approximately $40,000.
A number of other institutional investors and hedge funds have also modified their holdings of IAU. Quadrature Capital Ltd acquired a new stake in shares of iShares Gold Trust in the 3rd quarter worth approximately $95,801,000. JPMorgan Chase & Co. grew its holdings in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the last quarter. Park Avenue Securities LLC grew its holdings in iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after buying an additional 672,568 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after buying an additional 666,330 shares during the last quarter. Finally, Parker Investment Management LLC acquired a new stake in iShares Gold Trust during the 3rd quarter valued at $26,050,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Trading Down 0.3 %
Shares of NYSEARCA:IAU opened at $54.69 on Wednesday. The business’s fifty day moving average price is $50.88 and its two-hundred day moving average price is $49.60. iShares Gold Trust has a one year low of $37.53 and a one year high of $54.94.
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.
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