Resona Asset Management Co. Ltd. Invests $9.72 Million in iShares Gold Trust (NYSEARCA:IAU)

Resona Asset Management Co. Ltd. purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 196,270 shares of the exchange traded fund’s stock, valued at approximately $9,717,000.

A number of other large investors have also added to or reduced their stakes in the stock. Tucker Asset Management LLC raised its stake in iShares Gold Trust by 106.9% in the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 263 shares during the period. Compass Financial Services Inc bought a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $27,000. Wintrust Investments LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $29,000. Financial Life Planners purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in iShares Gold Trust in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $57.26 on Monday. The stock has a market capitalization of $41.37 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. The company’s fifty day simple moving average is $55.42 and its two-hundred day simple moving average is $52.10. iShares Gold Trust has a 1 year low of $43.05 and a 1 year high of $59.15.

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.