J2 Capital Management Inc Acquires New Position in iShares Gold Trust (NYSEARCA:IAU)

J2 Capital Management Inc bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 88,080 shares of the exchange traded fund’s stock, valued at approximately $4,361,000. iShares Gold Trust accounts for 4.1% of J2 Capital Management Inc’s holdings, making the stock its 5th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the period. Independent Family Office LLC boosted its position in iShares Gold Trust by 4.1% during the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after purchasing an additional 16,827 shares during the period. Silverleafe Capital Partners LLC increased its holdings in iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares in the last quarter. International Assets Investment Management LLC raised its position in iShares Gold Trust by 4,843.7% in the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after purchasing an additional 229,303 shares during the period. Finally, Prospera Financial Services Inc raised its position in iShares Gold Trust by 18.7% in the third quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock valued at $2,213,000 after purchasing an additional 7,001 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.5 %

IAU opened at $50.99 on Friday. The firm’s 50 day moving average is $49.87 and its 200-day moving average is $48.73. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69.

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.