City Center Advisors LLC Buys New Shares in iShares Gold Trust (NYSEARCA:IAU)

City Center Advisors LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,825 shares of the exchange traded fund’s stock, valued at approximately $226,000.

Several other large investors have also recently bought and sold shares of IAU. JPMorgan Chase & Co. raised its stake in 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 valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Brighton Jones LLC bought a new stake in iShares Gold Trust in the 4th quarter valued at $1,864,000. Strategic Financial Concepts LLC bought a new stake in iShares Gold Trust in the 4th quarter valued at $442,000. Golden State Wealth Management LLC bought a new stake in iShares Gold Trust in the 4th quarter valued at $194,000. Finally, BLB&B Advisors LLC bought a new stake in iShares Gold Trust in the 4th quarter valued at $252,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $62.47 on Monday. The firm has a market capitalization of $45.98 billion, a PE ratio of -38.57 and a beta of 0.12. The company’s fifty day moving average price is $61.52 and its two-hundred day moving average price is $55.81. iShares Gold Trust has a 52-week low of $43.35 and a 52-week high of $64.98.

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.