JPMorgan Chase & Co. Buys 2,245,617 Shares of iShares Gold Trust $IAU

JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 20.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,165,231 shares of the exchange traded fund’s stock after purchasing an additional 2,245,617 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Gold Trust were worth $958,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ehrlich Financial Group grew its stake in iShares Gold Trust by 15.3% in the third quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock valued at $3,266,000 after purchasing an additional 5,943 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its holdings in iShares Gold Trust by 63.6% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 55,530 shares of the exchange traded fund’s stock valued at $4,041,000 after purchasing an additional 21,596 shares during the last quarter. Bryn Mawr Trust Advisors LLC increased its holdings in shares of iShares Gold Trust by 79.9% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 51,910 shares of the exchange traded fund’s stock valued at $3,237,000 after purchasing an additional 23,054 shares during the last quarter. First Horizon Corp bought a new position in shares of iShares Gold Trust in the third quarter valued at about $1,863,000. Finally, Strategic Blueprint LLC lifted its stake in shares of iShares Gold Trust by 30.2% during the 3rd quarter. Strategic Blueprint LLC now owns 136,931 shares of the exchange traded fund’s stock worth $9,964,000 after buying an additional 31,746 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 3.1%

iShares Gold Trust stock opened at $91.82 on Wednesday. The company has a market capitalization of $77.53 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The stock’s 50 day moving average is $87.79 and its 200-day moving average is $77.70. iShares Gold Trust has a 12 month low of $53.44 and a 12 month high of $104.40.

Key Stories Impacting iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Profile

(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)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.