First Horizon Corp Purchases Shares of 25,605 iShares Gold Trust $IAU

First Horizon Corp acquired a new position in iShares Gold Trust (NYSEARCA:IAUFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,605 shares of the exchange traded fund’s stock, valued at approximately $1,863,000.

A number of other large investors have also recently made changes to their positions in the stock. Keener Financial Planning LLC bought a new stake in iShares Gold Trust during the 2nd quarter worth approximately $25,000. MTM Investment Management LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter valued at $25,000. Private Wealth Management Group LLC raised its position in shares of iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares during the period. Key Financial Inc purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at $28,000. Finally, Traub Capital Management LLC bought a new position in iShares Gold Trust in the 2nd quarter worth $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $86.49 on Tuesday. The stock has a fifty day simple moving average of $80.10 and a two-hundred day simple moving average of $72.29. The firm has a market capitalization of $72.63 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52-week low of $50.14 and a 52-week high of $87.19.

iShares Gold Trust News Roundup

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

iShares Gold Trust Company 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).

See Also

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

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