Jones Financial Companies Lllp Buys 65,756 Shares of iShares Gold Trust $IAU

Jones Financial Companies Lllp raised its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 27.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 308,589 shares of the exchange traded fund’s stock after purchasing an additional 65,756 shares during the period. Jones Financial Companies Lllp’s holdings in iShares Gold Trust were worth $21,909,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Keener Financial Planning LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at approximately $25,000. MTM Investment Management LLC bought a new stake in iShares Gold Trust during the 2nd quarter worth approximately $25,000. Private Wealth Management Group LLC lifted its holdings in iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares in the last quarter. Key Financial Inc purchased a new position in iShares Gold Trust during the second quarter valued at approximately $28,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of iShares Gold Trust in the third quarter worth $29,000. 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 $93.03 on Wednesday. iShares Gold Trust has a one year low of $53.44 and a one year high of $104.40. The company’s fifty day moving average price is $84.88 and its 200-day moving average price is $75.55. The company has a market capitalization of $78.55 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

iShares Gold Trust News Roundup

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

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).

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)

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