Park Edge Advisors LLC Acquires 27,066 Shares of iShares Gold Trust $IAU

Park Edge Advisors LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 48.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,733 shares of the exchange traded fund’s stock after purchasing an additional 27,066 shares during the quarter. iShares Gold Trust accounts for approximately 1.4% of Park Edge Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Park Edge Advisors LLC’s holdings in iShares Gold Trust were worth $6,020,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in iShares Gold Trust by 67.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after buying an additional 4,398,605 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after acquiring an additional 148,881 shares in the last quarter. WealthNavi Inc. raised its holdings in iShares Gold Trust by 8.6% during the second quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after acquiring an additional 521,530 shares in the last quarter. Truist Financial Corp grew its stake in shares of iShares Gold Trust by 14.4% in the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after buying an additional 692,844 shares in the last quarter. Finally, Citigroup Inc. raised its stake in iShares Gold Trust by 809.1% in the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock valued at $318,586,000 after acquiring an additional 4,546,835 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $81.63 on Friday. iShares Gold Trust has a one year low of $48.83 and a one year high of $82.55. The stock has a market cap of $67.27 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The company has a fifty day moving average price of $78.00 and a two-hundred day moving average price of $69.79.

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.