Benjamin Edwards Inc. Acquires 3,196 Shares of iShares Gold Trust (NYSEARCA:IAU)

Benjamin Edwards Inc. grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 26.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,126 shares of the exchange traded fund’s stock after buying an additional 3,196 shares during the period. Benjamin Edwards Inc.’s holdings in iShares Gold Trust were worth $749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the period. Highline Wealth Partners LLC lifted its holdings in shares of iShares Gold Trust by 3.5% in the fourth quarter. Highline Wealth Partners LLC now owns 34,952 shares of the exchange traded fund’s stock valued at $1,730,000 after purchasing an additional 1,196 shares in the last quarter. LVM Capital Management Ltd. MI boosted its holdings in iShares Gold Trust by 1.8% during the 4th quarter. LVM Capital Management Ltd. MI now owns 290,431 shares of the exchange traded fund’s stock worth $14,379,000 after acquiring an additional 5,261 shares during the last quarter. Matrix Trust Co boosted its holdings in iShares Gold Trust by 619.4% during the fourth quarter. Matrix Trust Co now owns 14,517 shares of the exchange traded fund’s stock worth $719,000 after purchasing an additional 12,499 shares during the last quarter. Finally, EWG Elevate Inc. grew its holdings in shares of iShares Gold Trust by 6.6% in the fourth quarter. EWG Elevate Inc. now owns 31,747 shares of the exchange traded fund’s stock valued at $1,572,000 after acquiring an additional 1,969 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $62.77 on Friday. The company has a market capitalization of $46.11 billion, a PE ratio of -37.96 and a beta of 0.17. The business has a fifty day moving average price of $59.30 and a two-hundred day moving average price of $54.15. iShares Gold Trust has a 1 year low of $43.24 and a 1 year high of $64.98.

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.