iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 975,030 shares of the exchange traded fund’s stock after acquiring an additional 24,640 shares during the period. PNC Financial Services Group Inc. owned approximately 0.15% of iShares Gold Trust worth $48,274,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its stake in iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares in the last quarter. FMR LLC increased its position in shares of iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after purchasing an additional 60,784 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares Gold Trust by 0.8% during the 3rd 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 purchasing an additional 142,487 shares during the period. Empower Advisory Group LLC increased its position in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after purchasing an additional 111,210 shares during the period. Finally, JPMorgan Chase & Co. increased its position 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 valued at $557,498,000 after purchasing an additional 981,362 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $54.91 on Monday. iShares Gold Trust has a 1 year low of $40.63 and a 1 year high of $55.70. The stock has a market cap of $37.26 billion, a PE ratio of -33.32 and a beta of 0.20. The business’s fifty day moving average is $52.82 and its 200-day moving average is $50.77.

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.