SBI Securities Co. Ltd. Invests $4.81 Million in iShares Gold Trust (NYSEARCA:IAU)

SBI Securities Co. Ltd. purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 97,201 shares of the exchange traded fund’s stock, valued at approximately $4,812,000.

Several other hedge funds also recently added to or reduced their stakes in IAU. Proficio Capital Partners LLC boosted its holdings in shares of iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after buying an additional 63,382,112 shares in the last quarter. FMR LLC lifted its position in iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after acquiring an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after acquiring an additional 142,487 shares in the last quarter. Empower Advisory Group LLC grew its holdings in shares of iShares Gold Trust by 0.8% during the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after purchasing an additional 111,210 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares Gold Trust by 9.6% during the third 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 during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $53.87 on Friday. The stock has a 50-day simple moving average of $52.27 and a 200-day simple moving average of $50.47. The company has a market capitalization of $36.56 billion, a P/E ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a fifty-two week low of $38.65 and a fifty-two week high of $55.70.

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.