Pilgrim Partners Asia Pte Ltd Purchases 7,060 Shares of iShares Gold Trust $IAU

Pilgrim Partners Asia Pte Ltd raised its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 35.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,890 shares of the exchange traded fund’s stock after acquiring an additional 7,060 shares during the period. iShares Gold Trust makes up 1.0% of Pilgrim Partners Asia Pte Ltd’s portfolio, making the stock its 18th biggest holding. Pilgrim Partners Asia Pte Ltd’s holdings in iShares Gold Trust were worth $2,183,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in IAU. Envestnet Asset Management Inc. raised its position in shares of iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after buying an additional 6,623,876 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of iShares Gold Trust during the third quarter valued at about $193,639,000. JPMorgan Chase & Co. raised its position in shares of iShares Gold Trust by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after buying an additional 2,245,617 shares during the last quarter. Packer & Co Ltd acquired a new position in shares of iShares Gold Trust during the third quarter valued at about $156,463,000. Finally, Concurrent Investment Advisors LLC raised its position in shares of iShares Gold Trust by 381.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock valued at $205,744,000 after buying an additional 2,008,288 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

More iShares Gold Trust News

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iShares Gold Trust Stock Performance

Shares of IAU opened at $85.69 on Wednesday. The company has a 50-day simple moving average of $90.79 and a 200-day simple moving average of $86.17. The firm has a market capitalization of $72.95 billion, a P/E ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 52 week low of $59.71 and a 52 week high of $104.40.

About iShares Gold Trust

(Free Report)

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).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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