Chevy Chase Trust Holdings LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 4.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,703,211 shares of the exchange traded fund’s stock after purchasing an additional 67,732 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.26% of iShares Gold Trust worth $84,650,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Archer Investment Corp grew its stake in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 529 shares in the last quarter. Global Trust Asset Management LLC grew its stake in iShares Gold Trust by 250.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust during the 2nd quarter worth $31,000. Opal Wealth Advisors LLC purchased a new stake in iShares Gold Trust during the 2nd quarter worth about $34,000. Finally, Pacifica Partners Inc. acquired a new stake in iShares Gold Trust in the 2nd quarter valued at about $35,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Trading Up 0.9 %
Shares of IAU opened at $50.25 on Monday. The stock has a 50-day simple moving average of $50.41 and a 200-day simple moving average of $47.35. iShares Gold Trust has a 1 year low of $37.40 and a 1 year high of $52.69.
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.
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