iShares Gold Trust $IAU Stock: Pictet Asset Management Holding SA Increases Position

Pictet Asset Management Holding SA increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 29.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,162,544 shares of the exchange traded fund’s stock after buying an additional 263,403 shares during the period. Pictet Asset Management Holding SA owned about 0.15% of iShares Gold Trust worth $91,282,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in iShares Gold Trust by 1.3% in the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock valued at $659,404,000 after purchasing an additional 109,246 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in iShares Gold Trust by 5.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock worth $165,455,000 after purchasing an additional 118,328 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in iShares Gold Trust by 8.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,840,038 shares of the exchange traded fund’s stock worth $138,941,000 after purchasing an additional 149,558 shares during the last quarter. AlTi Global Inc. increased its holdings in iShares Gold Trust by 5.4% during the 2nd quarter. AlTi Global Inc. now owns 1,651,446 shares of the exchange traded fund’s stock worth $124,701,000 after purchasing an additional 84,457 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of iShares Gold Trust by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,295,573 shares of the exchange traded fund’s stock valued at $114,218,000 after purchasing an additional 34,076 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.8%

Shares of IAU opened at $77.78 on Tuesday. The firm has a market cap of $61.34 billion, a price-to-earnings ratio of 5.53 and a beta of 0.20. The business’s 50 day moving average is $78.80 and its two-hundred day moving average is $84.27. iShares Gold Trust has a 52-week low of $72.71 and a 52-week high of $104.40.

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. 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).