Renaissance Technologies LLC Has $8.92 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Renaissance Technologies LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1,776.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,100 shares of the exchange traded fund’s stock after purchasing an additional 170,500 shares during the quarter. Renaissance Technologies LLC’s holdings in iShares Gold Trust were worth $8,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rathbones Group PLC raised its position in iShares Gold Trust by 0.9% during the 4th quarter. Rathbones Group PLC now owns 67,611 shares of the exchange traded fund’s stock worth $3,347,000 after purchasing an additional 620 shares during the last quarter. Cerity Partners LLC boosted its holdings in iShares Gold Trust by 0.8% in the fourth quarter. Cerity Partners LLC now owns 3,271,594 shares of the exchange traded fund’s stock valued at $161,980,000 after acquiring an additional 27,251 shares during the last quarter. Trek Financial LLC increased its position in iShares Gold Trust by 44.6% during the 4th quarter. Trek Financial LLC now owns 50,037 shares of the exchange traded fund’s stock valued at $2,477,000 after purchasing an additional 15,433 shares during the period. Wedbush Securities Inc. raised its holdings in iShares Gold Trust by 34.4% during the 4th quarter. Wedbush Securities Inc. now owns 42,782 shares of the exchange traded fund’s stock worth $2,118,000 after purchasing an additional 10,945 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of iShares Gold Trust by 200.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after purchasing an additional 7,194,721 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 0.5 %

Shares of NYSEARCA IAU opened at $62.63 on Friday. The company has a market capitalization of $45.25 billion, a PE ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a twelve month low of $43.05 and a twelve month high of $63.03. The firm has a fifty day simple moving average of $56.78 and a 200 day simple moving average of $52.78.

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.