Ellis Investment Partners LLC Acquires 257 Shares of iShares Gold Trust (NYSEARCA:IAU)

Ellis Investment Partners LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,357 shares of the exchange traded fund’s stock after purchasing an additional 257 shares during the period. Ellis Investment Partners LLC’s holdings in iShares Gold Trust were worth $810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its position in iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after acquiring an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after acquiring an additional 142,487 shares during the last quarter. Empower Advisory Group LLC grew its position in iShares Gold Trust by 0.8% in the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after acquiring an additional 111,210 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. grew its position in iShares Gold Trust by 4.2% in the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after acquiring an additional 233,999 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.5 %

iShares Gold Trust stock opened at $54.46 on Friday. The business’s 50-day moving average price is $51.28 and its two-hundred day moving average price is $49.83. iShares Gold Trust has a 12-month low of $37.76 and a 12-month high of $55.29.

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.