Hsbc Holdings PLC Boosts Holdings in iShares Gold Trust $IAU

Hsbc Holdings PLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 650,137 shares of the exchange traded fund’s stock after buying an additional 25,639 shares during the period. Hsbc Holdings PLC’s holdings in iShares Gold Trust were worth $49,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Archer Investment Corp increased its stake in iShares Gold Trust by 76.2% during the second quarter. Archer Investment Corp now owns 1,186 shares of the exchange traded fund’s stock worth $90,000 after acquiring an additional 513 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at $76,854,000. Strive Financial Group LLC lifted its stake in shares of iShares Gold Trust by 257.1% in the 2nd quarter. Strive Financial Group LLC now owns 550 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 396 shares during the last quarter. American Capital Management Inc. purchased a new position in shares of iShares Gold Trust during the 2nd quarter worth $5,764,000. Finally, Compass Financial Management LLC purchased a new position in shares of iShares Gold Trust during the 2nd quarter worth $192,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $83.39 on Tuesday. The business has a 50-day moving average price of $79.88 and a 200 day moving average price of $84.83. The company has a market capitalization of $68.87 billion, a price-to-earnings ratio of 5.53 and a beta of 0.19. iShares Gold Trust has a 12-month low of $67.35 and a 12-month high of $104.40.

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. 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).