Hsbc Holdings PLC Buys 665,653 Shares of iShares Gold Trust (NYSEARCA:IAU)

Hsbc Holdings PLC increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 713.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 758,903 shares of the exchange traded fund’s stock after purchasing an additional 665,653 shares during the period. Hsbc Holdings PLC owned approximately 0.12% of iShares Gold Trust worth $33,339,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of IAU. Envestnet Asset Management Inc. grew its position in iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after acquiring an additional 479,796 shares during the last quarter. Commonwealth Equity Services LLC grew its position in iShares Gold Trust by 6.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock valued at $133,523,000 after acquiring an additional 178,898 shares during the last quarter. Equitable Trust Co. grew its position in iShares Gold Trust by 5.0% in the first quarter. Equitable Trust Co. now owns 2,694,867 shares of the exchange traded fund’s stock valued at $113,211,000 after acquiring an additional 127,828 shares during the last quarter. GM Advisory Group LLC grew its position in iShares Gold Trust by 1.7% in the fourth quarter. GM Advisory Group LLC now owns 2,166,673 shares of the exchange traded fund’s stock valued at $84,565,000 after acquiring an additional 36,696 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its position in iShares Gold Trust by 2.1% in the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock valued at $94,200,000 after acquiring an additional 44,515 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.3 %

iShares Gold Trust stock opened at $49.52 on Friday. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $49.60. The business’s 50-day moving average price is $46.79 and its two-hundred day moving average price is $44.75.

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.