Butensky & Cohen Financial Security Inc. Purchases Shares of 13,940 iShares Gold Trust $IAU

Butensky & Cohen Financial Security Inc. acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,940 shares of the exchange traded fund’s stock, valued at approximately $1,132,000.

Several other large investors also recently made changes to their positions in IAU. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust by 47.7% during the 3rd 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 acquiring an additional 6,623,876 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in iShares Gold Trust during the 3rd quarter worth $193,639,000. JPMorgan Chase & Co. increased its holdings 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 valued at $958,034,000 after purchasing an additional 2,245,617 shares in the last quarter. Packer & Co Ltd acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $156,463,000. Finally, Mizuho Bank Ltd. purchased a new position in iShares Gold Trust in the third quarter valued at about $120,798,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $82.09 on Friday. The business’s 50-day moving average is $93.38 and its two-hundred day moving average is $83.02. The firm has a market capitalization of $69.31 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12 month low of $55.78 and a 12 month high of $104.40.

iShares Gold Trust 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).

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

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