Signaturefd LLC Raises Stake in iShares Gold Trust (NYSEARCA:IAU)

Signaturefd LLC raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,717 shares of the exchange traded fund’s stock after buying an additional 3,458 shares during the quarter. Signaturefd LLC’s holdings in iShares Gold Trust were worth $1,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IAU. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in iShares Gold Trust by 0.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock valued at $841,983,000 after buying an additional 121,364 shares during the period. Charles Schwab Investment Advisory Inc. increased its position in shares of iShares Gold Trust by 1.0% in the third quarter. Charles Schwab Investment Advisory Inc. now owns 20,597,212 shares of the exchange traded fund’s stock worth $720,696,000 after purchasing an additional 199,531 shares during the last quarter. Empower Advisory Group LLC raised its stake in iShares Gold Trust by 2.6% in the third quarter. Empower Advisory Group LLC now owns 14,357,348 shares of the exchange traded fund’s stock valued at $502,364,000 after purchasing an additional 366,559 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares Gold Trust by 58.9% during the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after purchasing an additional 3,815,686 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of iShares Gold Trust by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 4,792,681 shares of the exchange traded fund’s stock worth $167,556,000 after buying an additional 573,424 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 2.4 %

NYSEARCA IAU opened at $44.05 on Tuesday. The company has a fifty day moving average of $41.29 and a 200-day moving average of $39.10. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $45.98.

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.