Scarborough Advisors LLC Buys New Stake in iShares Gold Trust (NYSEARCA:IAU)

Scarborough Advisors LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,637 shares of the exchange traded fund’s stock, valued at approximately $1,764,000.

Several other large investors have also recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in shares of iShares Gold Trust during the 3rd quarter valued at $95,801,000. 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. Park Avenue Securities LLC increased 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 purchasing an additional 672,568 shares during the period. Kovitz Investment Group Partners LLC increased its position in shares of iShares Gold Trust by 10,279.7% during 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 purchasing an additional 666,330 shares during the period. Finally, Parker Investment Management LLC acquired a new position in shares of iShares Gold Trust during the 3rd quarter valued at $26,050,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 1.5 %

Shares of IAU stock opened at $54.46 on Friday. iShares Gold Trust has a 1 year low of $37.76 and a 1 year high of $55.29. The business’s fifty day moving average is $51.19 and its 200-day moving average is $49.74.

iShares Gold Trust Company 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.