Rochester Wealth Strategies LLC Has $8.24 Million Holdings in iShares Gold Trust $IAU

Rochester Wealth Strategies LLC trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 8.2% during the 4th quarter, Holdings Channel reports. The fund owned 101,536 shares of the exchange traded fund’s stock after selling 9,127 shares during the period. iShares Gold Trust comprises about 5.2% of Rochester Wealth Strategies LLC’s portfolio, making the stock its 8th largest position. Rochester Wealth Strategies LLC’s holdings in iShares Gold Trust were worth $8,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IAU. Envestnet Asset Management Inc. raised its holdings in shares of iShares Gold Trust by 47.7% in the 3rd 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 purchasing an additional 6,623,876 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of iShares Gold Trust during the third quarter valued at approximately $193,639,000. JPMorgan Chase & Co. increased its holdings in 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 period. Packer & Co Ltd purchased a new position in iShares Gold Trust during the third quarter valued at approximately $156,463,000. Finally, Mizuho Bank Ltd. bought a new position in iShares Gold Trust in the third quarter worth approximately $120,798,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.0%

Shares of NYSEARCA:IAU opened at $84.93 on Tuesday. The company has a market capitalization of $71.71 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $55.78 and a 52 week high of $104.40. The firm has a 50 day moving average of $93.32 and a 200 day moving average of $83.45.

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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).

Further Reading

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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