JPMorgan Chase & Co. Increases Position in iShares Gold Trust (NYSEARCA:IAU)

JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,217,258 shares of the exchange traded fund’s stock after buying an additional 981,362 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.68% of iShares Gold Trust worth $557,498,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IAU. Archer Investment Corp raised its position in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the last quarter. Chris Bulman Inc purchased a new position in iShares Gold Trust during the second quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 635 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in iShares Gold Trust by 71.4% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 500 shares in the last quarter. Finally, Zions Bancorporation N.A. boosted its holdings in shares of iShares Gold Trust by 32.9% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,442 shares of the exchange traded fund’s stock valued at $63,000 after purchasing an additional 357 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.7 %

Shares of IAU stock opened at $49.37 on Friday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69. The stock’s 50-day moving average price is $50.28 and its 200-day moving average price is $48.08.

iShares Gold Trust Company Profile

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.