Nkcfo LLC Has $11.35 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Nkcfo LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 49.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,200 shares of the exchange traded fund’s stock after buying an additional 75,650 shares during the quarter. iShares Gold Trust accounts for approximately 5.0% of Nkcfo LLC’s investment portfolio, making the stock its 6th biggest holding. Nkcfo LLC’s holdings in iShares Gold Trust were worth $11,348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in iShares Gold Trust during the third quarter valued at about $95,801,000. JPMorgan Chase & Co. boosted its stake in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of 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 acquiring an additional 672,568 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of 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 worth $33,128,000 after purchasing an additional 666,330 shares during the last quarter. Finally, Parker Investment Management LLC bought a new stake in shares of iShares Gold Trust in the 3rd quarter worth approximately $26,050,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $54.46 on Friday. The stock has a fifty day simple moving average of $51.28 and a two-hundred day simple moving average of $49.83. iShares Gold Trust has a 1-year low of $37.76 and a 1-year high of $55.29.

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.