iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 73.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,084 shares of the exchange traded fund’s stock after acquiring an additional 63,778 shares during the period. Williams Jones Wealth Management LLC.’s holdings in iShares Gold Trust were worth $7,480,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings 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 worth $557,498,000 after purchasing an additional 981,362 shares during the period. Arkadios Wealth Advisors increased its holdings in iShares Gold Trust by 6.5% during the 4th quarter. Arkadios Wealth Advisors now owns 15,635 shares of the exchange traded fund’s stock worth $774,000 after purchasing an additional 948 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in iShares Gold Trust by 3.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 29,670 shares of the exchange traded fund’s stock worth $1,469,000 after purchasing an additional 1,057 shares during the period. Sowa Financial Group Inc. increased its holdings in iShares Gold Trust by 18.6% during the 4th quarter. Sowa Financial Group Inc. now owns 508,591 shares of the exchange traded fund’s stock worth $25,180,000 after purchasing an additional 79,616 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. increased its holdings in iShares Gold Trust by 3.2% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 252,188 shares of the exchange traded fund’s stock worth $12,486,000 after purchasing an additional 7,772 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $62.12 on Wednesday. iShares Gold Trust has a 1-year low of $43.24 and a 1-year high of $64.98. The company has a market cap of $46.53 billion, a price-to-earnings ratio of -37.79 and a beta of 0.13. The stock’s 50-day moving average is $60.11 and its two-hundred day moving average is $54.60.

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.