iShares Gold Trust $IAU is Capital Asset Advisory Services LLC’s 6th Largest Position

Capital Asset Advisory Services LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 9.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 754,767 shares of the exchange traded fund’s stock after selling 77,489 shares during the quarter. iShares Gold Trust makes up 2.6% of Capital Asset Advisory Services LLC’s holdings, making the stock its 6th largest holding. Capital Asset Advisory Services LLC owned about 0.09% of iShares Gold Trust worth $63,868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of iShares Gold Trust by 1.5% during 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. Envestnet Asset Management Inc. increased its stake in iShares Gold Trust by 47.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock worth $1,493,292,000 after buying an additional 6,623,876 shares during the period. JPMorgan Chase & Co. increased its stake in iShares Gold Trust by 20.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock worth $958,034,000 after buying an additional 2,245,617 shares during the period. UBS Group AG lifted its holdings in iShares Gold Trust by 6.5% during the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after buying an additional 561,489 shares in the last quarter. Finally, WealthNavi Inc. lifted its holdings in iShares Gold Trust by 8.5% during the 3rd quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after buying an additional 559,413 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

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

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $82.78 on Tuesday. The stock has a market cap of $69.90 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The firm has a 50-day moving average of $93.58 and a two-hundred day moving average of $82.90. iShares Gold Trust has a 1 year low of $55.78 and a 1 year high of $104.40.

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).

Further Reading

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

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