JPMorgan Chase & Co. Purchases 4,398,605 Shares of iShares Gold Trust $IAU

JPMorgan Chase & Co. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 67.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,919,614 shares of the exchange traded fund’s stock after purchasing an additional 4,398,605 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Gold Trust were worth $680,947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diversified Enterprises LLC increased its holdings in shares of iShares Gold Trust by 4.6% during the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after buying an additional 163 shares in the last quarter. Red Mountain Financial LLC grew its position in iShares Gold Trust by 0.4% during the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after acquiring an additional 165 shares during the last quarter. New Hampshire Trust grew its position in iShares Gold Trust by 4.2% during the 2nd quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock worth $267,000 after acquiring an additional 171 shares during the last quarter. Whittier Trust Co. increased its holdings in iShares Gold Trust by 0.3% during the 2nd quarter. Whittier Trust Co. now owns 60,987 shares of the exchange traded fund’s stock valued at $3,803,000 after purchasing an additional 177 shares in the last quarter. Finally, Confluence Wealth Services Inc. raised its position in iShares Gold Trust by 0.4% in the 2nd quarter. Confluence Wealth Services Inc. now owns 43,721 shares of the exchange traded fund’s stock valued at $2,726,000 after purchasing an additional 191 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $76.61 on Friday. The business’s fifty day moving average is $75.00 and its two-hundred day moving average is $67.50. The firm has a market cap of $63.13 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55.

About iShares Gold Trust

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.