iShares Gold Trust $IAU Stock Position Boosted by Eq LLC

Eq LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 41.3% during the third quarter, Holdings Channel reports. The institutional investor owned 70,668 shares of the exchange traded fund’s stock after acquiring an additional 20,644 shares during the period. iShares Gold Trust makes up about 1.7% of Eq LLC’s holdings, making the stock its 16th largest position. Eq LLC’s holdings in iShares Gold Trust were worth $5,143,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in IAU. Shepherd Financial Partners LLC increased its stake in shares of iShares Gold Trust by 15.8% during the third quarter. Shepherd Financial Partners LLC now owns 190,826 shares of the exchange traded fund’s stock valued at $13,886,000 after acquiring an additional 26,032 shares during the period. HighTower Advisors LLC boosted its stake in iShares Gold Trust by 2.2% during the 3rd quarter. HighTower Advisors LLC now owns 3,509,779 shares of the exchange traded fund’s stock valued at $255,406,000 after purchasing an additional 76,150 shares in the last quarter. Uniting Wealth Partners LLC increased its position in shares of iShares Gold Trust by 6.8% during the 3rd quarter. Uniting Wealth Partners LLC now owns 41,903 shares of the exchange traded fund’s stock valued at $3,049,000 after purchasing an additional 2,657 shares during the period. Vista Capital Partners Inc. bought a new stake in shares of iShares Gold Trust in the 3rd quarter worth $290,000. Finally, DDD Partners LLC raised its stake in shares of iShares Gold Trust by 50.4% in the 3rd quarter. DDD Partners LLC now owns 5,765 shares of the exchange traded fund’s stock worth $420,000 after buying an additional 1,932 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 2.5%

Shares of IAU stock opened at $94.75 on Friday. The stock has a 50-day simple moving average of $87.22 and a 200 day simple moving average of $77.16. The stock has a market capitalization of $80.00 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a fifty-two week low of $53.44 and a fifty-two week high of $104.40.

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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).

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

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