Benjamin F. Edwards & Company Inc. Acquires 579 Shares of iShares Gold Trust (NYSEARCA:IAU)

Benjamin F. Edwards & Company Inc. boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.2% during the fourth quarter, Holdings Channel reports. The fund owned 14,297 shares of the exchange traded fund’s stock after acquiring an additional 579 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in iShares Gold Trust were worth $558,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in iShares Gold Trust by 0.6% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock valued at $841,983,000 after acquiring an additional 121,364 shares during the last quarter. Charles Schwab Investment Advisory Inc. raised its stake in shares of iShares Gold Trust by 1.0% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 20,597,212 shares of the exchange traded fund’s stock worth $720,696,000 after buying an additional 199,531 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in iShares Gold Trust by 2.6% in the third quarter. Empower Advisory Group LLC now owns 14,357,348 shares of the exchange traded fund’s stock valued at $502,364,000 after buying an additional 366,559 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares Gold Trust by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after acquiring an additional 3,815,686 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in iShares Gold Trust by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 4,792,681 shares of the exchange traded fund’s stock worth $167,556,000 after acquiring an additional 573,424 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.3 %

Shares of iShares Gold Trust stock opened at $43.64 on Thursday. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $45.98. The firm has a fifty day moving average of $42.64 and a two-hundred day moving average of $39.73.

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.