Apollon Wealth Management LLC Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

Apollon Wealth Management LLC grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,093 shares of the exchange traded fund’s stock after purchasing an additional 347 shares during the period. Apollon Wealth Management LLC’s holdings in iShares Gold Trust were worth $5,154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in iShares Gold Trust during the third quarter worth approximately $95,801,000. JPMorgan Chase & Co. raised its stake in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares during the period. Park Avenue Securities LLC lifted its position in shares of iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after buying an additional 672,568 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after acquiring an additional 666,330 shares during the period. Finally, Brave Asset Management Inc. purchased a new stake in iShares Gold Trust in the 3rd quarter worth $26,169,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $53.97 on Friday. The company has a fifty day moving average of $50.78 and a two-hundred day moving average of $49.47. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $54.48.

iShares Gold Trust Profile

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.