Citigroup Inc. Has $28.83 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Citigroup Inc. raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 72.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 580,005 shares of the exchange traded fund’s stock after acquiring an additional 244,601 shares during the period. Citigroup Inc. owned approximately 0.09% of iShares Gold Trust worth $28,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TCP Asset Management LLC increased its holdings in iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after purchasing an additional 195 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 215 shares during the period. Howard Financial Services LTD. increased its holdings in shares of iShares Gold Trust by 2.9% in the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after acquiring an additional 220 shares in the last quarter. Avaii Wealth Management LLC raised its position in shares of iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after purchasing an additional 249 shares during the period. Finally, OMNI 360 Wealth Inc. lifted its holdings in shares of iShares Gold Trust by 5.0% during the 3rd quarter. OMNI 360 Wealth Inc. now owns 5,632 shares of the exchange traded fund’s stock valued at $280,000 after purchasing an additional 270 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $49.59 on Tuesday. The business has a 50 day simple moving average of $50.32 and a 200 day simple moving average of $47.20. iShares Gold Trust has a 52-week low of $37.40 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.