Tandem Financial LLC Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Tandem Financial LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,155 shares of the exchange traded fund’s stock, valued at approximately $107,000.

A number of other large investors have also added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in iShares Gold Trust in the 3rd quarter valued at approximately $95,801,000. JPMorgan Chase & Co. grew its stake in shares of 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 worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Park Avenue Securities LLC increased its holdings in iShares Gold Trust by 6,538.7% in the fourth 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 raised its position in 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 worth $33,128,000 after purchasing an additional 666,330 shares during the last quarter. Finally, Brave Asset Management Inc. acquired a new position in iShares Gold Trust during the 3rd quarter worth about $26,169,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.2 %

NYSEARCA IAU opened at $53.89 on Friday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $54.40. The business’s 50-day moving average price is $50.63 and its two-hundred day moving average price is $49.38.

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.