JP Wealth Management Inc. Purchases Shares of 134,982 iShares Gold Trust (NYSEARCA:IAU)

JP Wealth Management Inc. acquired a new position in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, Holdings Channel reports. The firm acquired 134,982 shares of the exchange traded fund’s stock, valued at approximately $6,683,000. iShares Gold Trust accounts for 4.9% of JP Wealth Management Inc.’s holdings, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $683,000. Park Avenue Securities LLC raised its stake in iShares Gold Trust by 16.5% during the 3rd quarter. Park Avenue Securities LLC now owns 10,286 shares of the exchange traded fund’s stock worth $511,000 after acquiring an additional 1,459 shares during the period. GAMMA Investing LLC lifted its holdings in iShares Gold Trust by 158.7% during the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock valued at $72,000 after purchasing an additional 887 shares in the last quarter. Diversified Trust Co boosted its position in shares of iShares Gold Trust by 17.4% in the third quarter. Diversified Trust Co now owns 6,506 shares of the exchange traded fund’s stock worth $323,000 after purchasing an additional 963 shares during the period. Finally, Chemistry Wealth Management LLC increased its stake in shares of iShares Gold Trust by 0.4% in the third quarter. Chemistry Wealth Management LLC now owns 299,122 shares of the exchange traded fund’s stock worth $14,866,000 after purchasing an additional 1,293 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $53.17 on Tuesday. The firm’s fifty day moving average is $50.39 and its 200 day moving average is $49.23. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $53.44.

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.