iShares Gold Trust $IAU Shares Purchased by Verger Capital Management LLC

Verger Capital Management LLC grew its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 257,693 shares of the exchange traded fund’s stock after purchasing an additional 21,509 shares during the quarter. iShares Gold Trust comprises approximately 6.1% of Verger Capital Management LLC’s holdings, making the stock its 7th largest holding. Verger Capital Management LLC’s holdings in iShares Gold Trust were worth $18,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Citigroup Inc. grew its position in shares of iShares Gold Trust by 809.1% during the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after buying an additional 4,546,835 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares Gold Trust by 67.5% during the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after purchasing an additional 4,398,605 shares during the period. Prudential Financial Inc. increased its stake in iShares Gold Trust by 2,152.7% in the second quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock valued at $217,892,000 after purchasing an additional 3,339,000 shares in the last quarter. PFG Advisors increased its stake in iShares Gold Trust by 4,797.3% in the second quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock valued at $89,323,000 after purchasing an additional 1,403,121 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV raised its holdings in iShares Gold Trust by 12,087.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after purchasing an additional 1,318,237 shares during the period. 59.67% of the stock is currently owned by institutional investors.

Key Stores Impacting iShares Gold Trust

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iShares Gold Trust Stock Up 2.6%

Shares of NYSEARCA IAU opened at $83.71 on Tuesday. iShares Gold Trust has a twelve month low of $49.51 and a twelve month high of $85.68. The stock has a market cap of $70.52 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The company’s fifty day moving average is $79.13 and its 200-day moving average is $71.53.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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