Arkansas Financial Group Inc. Purchases 7,669 Shares of iShares Gold Trust $IAU

Arkansas Financial Group Inc. boosted its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 23.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,828 shares of the exchange traded fund’s stock after purchasing an additional 7,669 shares during the period. Arkansas Financial Group Inc.’s holdings in iShares Gold Trust were worth $3,314,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after buying an additional 6,623,876 shares during the period. CIBC Bancorp USA Inc. bought a new position in iShares Gold Trust during the third quarter valued at about $193,639,000. JPMorgan Chase & Co. grew its position in iShares Gold Trust by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after buying an additional 2,245,617 shares during the period. Packer & Co Ltd bought a new position in iShares Gold Trust during the third quarter valued at about $156,463,000. Finally, Mizuho Bank Ltd. bought a new position in iShares Gold Trust during the third quarter valued at about $120,798,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

IAU opened at $88.34 on Friday. The firm has a market cap of $75.21 billion, a P/E ratio of 5.53 and a beta of 0.20. The firm has a 50-day moving average of $91.67 and a 200 day moving average of $85.59. iShares Gold Trust has a fifty-two week low of $59.71 and a fifty-two week high of $104.40.

iShares Gold Trust News Roundup

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About iShares Gold Trust

(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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