Mutual Advisors LLC Has $7.24 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Mutual Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 30.8% in the fourth quarter, Holdings Channel reports. The firm owned 141,356 shares of the exchange traded fund’s stock after purchasing an additional 33,295 shares during the quarter. Mutual Advisors LLC’s holdings in iShares Gold Trust were worth $7,244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of iShares Gold Trust by 9.6% in 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 buying an additional 981,362 shares in the last quarter. Independent Family Office LLC boosted its position in shares of iShares Gold Trust by 4.1% during the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after acquiring an additional 16,827 shares in the last quarter. Silverleafe Capital Partners LLC raised its position in iShares Gold Trust by 0.4% during the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares in the last quarter. Merit Financial Group LLC increased its stake in shares of iShares Gold Trust by 177.6% in the 4th quarter. Merit Financial Group LLC now owns 51,538 shares of the exchange traded fund’s stock valued at $2,552,000 after purchasing an additional 32,975 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of iShares Gold Trust by 4,843.7% in the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after purchasing an additional 229,303 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.5 %

Shares of NYSEARCA:IAU opened at $52.03 on Thursday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69. The company has a fifty day moving average of $49.95 and a 200-day moving average of $48.86.

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.