Tennessee Valley Asset Management Partners Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Tennessee Valley Asset Management Partners acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,904 shares of the exchange traded fund’s stock, valued at approximately $113,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. JPMorgan Chase & Co. boosted its holdings in iShares Gold Trust by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after acquiring an additional 3,815,686 shares during the last quarter. Packer & Co Ltd acquired a new position in iShares Gold Trust in the third quarter valued at $125,443,000. First Command Advisory Services Inc. acquired a new position in iShares Gold Trust in the third quarter valued at $50,473,000. Axxcess Wealth Management LLC boosted its holdings in iShares Gold Trust by 585.5% in the third quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock valued at $38,760,000 after acquiring an additional 946,138 shares during the last quarter. Finally, TIAA Trust National Association acquired a new position in iShares Gold Trust in the third quarter valued at $29,403,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 2.4 %

Shares of iShares Gold Trust stock opened at $44.05 on Tuesday. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $45.98. The business’s fifty day moving average price is $41.29 and its 200 day moving average price is $39.10.

iShares Gold Trust 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.