Capital Analysts LLC Buys 17,678 Shares of iShares Gold Trust (NYSEARCA:IAU)

Capital Analysts LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 193.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,807 shares of the exchange traded fund’s stock after purchasing an additional 17,678 shares during the period. Capital Analysts LLC’s holdings in iShares Gold Trust were worth $1,327,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IAU. Bank of New York Mellon Corp increased its position in iShares Gold Trust by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock worth $56,260,000 after buying an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $442,000. Sanchez Wealth Management Group bought a new stake in iShares Gold Trust in the 4th quarter valued at $228,000. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 981,362 shares during the period. Finally, Silverleafe Capital Partners LLC lifted its holdings in iShares Gold Trust by 0.4% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $62.34 on Friday. The company has a market cap of $45.80 billion, a P/E ratio of -37.96 and a beta of 0.17. The firm’s fifty day moving average price is $57.77 and its two-hundred day moving average price is $53.35. iShares Gold Trust has a one year low of $43.05 and a one year high of $64.98.

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.