UMB Bank n.a. Has $18.73 Million Stock Holdings in iShares Gold Trust $IAU

UMB Bank n.a. increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,416 shares of the exchange traded fund’s stock after buying an additional 26,788 shares during the quarter. UMB Bank n.a.’s holdings in iShares Gold Trust were worth $18,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of IAU. JPMorgan Chase & Co. increased its holdings in shares of iShares Gold Trust by 67.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after purchasing an additional 4,398,605 shares during the period. WealthNavi Inc. grew its position in iShares Gold Trust by 8.5% during the third quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after purchasing an additional 559,413 shares in the last quarter. Ameriprise Financial Inc. increased its stake in iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after buying an additional 148,881 shares during the period. Truist Financial Corp lifted its position in iShares Gold Trust by 5.9% in the 3rd quarter. Truist Financial Corp now owns 5,814,190 shares of the exchange traded fund’s stock worth $423,099,000 after buying an additional 323,755 shares in the last quarter. Finally, Citigroup Inc. lifted its position in iShares Gold Trust by 809.1% in the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after buying an additional 4,546,835 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 10.2%

Shares of NYSEARCA:IAU opened at $91.20 on Friday. The firm has a fifty day moving average of $84.38 and a two-hundred day moving average of $75.08. iShares Gold Trust has a 12-month low of $52.74 and a 12-month high of $104.40. The firm has a market capitalization of $77.00 billion, a P/E ratio of 5.53 and a beta of 0.09.

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iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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