Mirae Asset Global Investments Co. Ltd. increased its position in iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 99.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 446,215 shares of the exchange traded fund’s stock after purchasing an additional 223,034 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of iShares Gold Trust worth $16,434,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. raised its stake in iShares Gold Trust by 231.5% during the fourth quarter. Alliancebernstein L.P. now owns 8,629,238 shares of the exchange traded fund’s stock valued at $300,384,000 after buying an additional 6,025,918 shares during the last quarter. Packer & Co Ltd purchased a new position in iShares Gold Trust during the first quarter valued at $172,552,000. Bank of New York Mellon Corp increased its holdings in shares of iShares Gold Trust by 190.8% in the 1st quarter. Bank of New York Mellon Corp now owns 3,780,130 shares of the exchange traded fund’s stock worth $139,222,000 after purchasing an additional 2,480,076 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Gold Trust by 5.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 41,899,959 shares of the exchange traded fund’s stock worth $1,543,176,000 after purchasing an additional 2,300,878 shares in the last quarter. Finally, Mizuho Bank Ltd. bought a new stake in shares of iShares Gold Trust in the 1st quarter worth $73,660,000. Hedge funds and other institutional investors own 59.24% of the company’s stock.
iShares Gold Trust Price Performance
iShares Gold Trust stock opened at $31.75 on Monday. The stock has a fifty day simple moving average of $32.97 and a two-hundred day simple moving average of $34.80. iShares Gold Trust has a 12 month low of $31.45 and a 12 month high of $39.36.
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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