Moment Partners LLC Buys New Position in iShares Gold Trust $IAU

Moment Partners LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,225 shares of the exchange traded fund’s stock, valued at approximately $725,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of iShares Gold Trust by 1.5% in the third quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after purchasing an additional 456,140 shares during the period. LPL Financial LLC grew its holdings in iShares Gold Trust by 1.5% during the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after purchasing an additional 203,528 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares Gold Trust by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock worth $1,066,327,000 after buying an additional 260,541 shares during the period. Citigroup Inc. increased its stake in iShares Gold Trust by 35.7% during the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after buying an additional 1,893,594 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock worth $412,563,000 after buying an additional 148,881 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Summary

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $77.26 on Monday. The firm has a 50-day moving average of $81.89 and a two-hundred day moving average of $87.34. The stock has a market cap of $63.81 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 1-year low of $61.60 and a 1-year high of $104.40.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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