Goldman Sachs Group Inc. Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

Goldman Sachs Group Inc. raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 71.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 476,197 shares of the exchange traded fund’s stock after acquiring an additional 198,034 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.07% of iShares Gold Trust worth $18,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of 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 worth $841,983,000 after purchasing an additional 121,364 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares Gold Trust by 4.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock worth $452,449,000 after buying an additional 463,281 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares Gold Trust by 58.9% during 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 period. Charles Schwab Investment Management Inc. lifted its position in shares of iShares Gold Trust by 226.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after acquiring an additional 4,200,989 shares in the last quarter. Finally, WealthNavi Inc. boosted its stake in shares of iShares Gold Trust by 12.9% in the fourth quarter. WealthNavi Inc. now owns 4,414,668 shares of the exchange traded fund’s stock worth $172,304,000 after acquiring an additional 505,352 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $43.46 on Thursday. The business’s 50 day moving average is $44.25 and its 200 day moving average is $41.33. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $46.08.

About iShares Gold Trust

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.