Deutsche Bank AG Has $41.29 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Deutsche Bank AG grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 833,875 shares of the exchange traded fund’s stock after acquiring an additional 79,411 shares during the period. Deutsche Bank AG’s holdings in iShares Gold Trust were worth $41,285,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings 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 valued at $56,260,000 after buying an additional 62,195 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter valued at about $442,000. Sanchez Wealth Management Group bought a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $228,000. JPMorgan Chase & Co. lifted its holdings 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 worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, Betterment LLC boosted its position in iShares Gold Trust by 1.8% during the fourth quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock worth $546,000 after purchasing an additional 199 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.5%

Shares of IAU stock opened at $61.28 on Wednesday. iShares Gold Trust has a 12 month low of $43.24 and a 12 month high of $64.98. The company has a market cap of $45.90 billion, a PE ratio of -37.79 and a beta of 0.13. The business’s 50 day moving average is $59.54 and its two-hundred day moving average is $54.30.

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.