Mirae Asset Global Investments Co. Ltd. Acquires 248,100 Shares of iShares Gold Trust $IAU

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the third quarter, Holdings Channel reports. The fund bought 248,100 shares of the exchange traded fund’s stock, valued at approximately $19,377,000.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of iShares Gold Trust in the second quarter valued at about $76,854,000. Crcm LP raised its stake in iShares Gold Trust by 73.7% in the 1st quarter. Crcm LP now owns 1,249,870 shares of the exchange traded fund’s stock worth $111,125,000 after purchasing an additional 530,148 shares in the last quarter. Eurizon Asset Management Hungary Ltd. acquired a new stake in iShares Gold Trust in the 1st quarter worth about $42,494,000. Hamilton Wealth LLC boosted its holdings in iShares Gold Trust by 170.8% in the 1st quarter. Hamilton Wealth LLC now owns 742,179 shares of the exchange traded fund’s stock valued at $65,431,000 after purchasing an additional 468,115 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in iShares Gold Trust by 1,641.4% in the 1st quarter. Fifth Third Bancorp now owns 380,997 shares of the exchange traded fund’s stock valued at $33,589,000 after purchasing an additional 359,118 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.7%

Shares of NYSEARCA:IAU opened at $74.15 on Tuesday. The company’s 50 day moving average price is $79.82 and its two-hundred day moving average price is $84.56. iShares Gold Trust has a 12-month low of $72.71 and a 12-month high of $104.40. The firm has a market cap of $58.47 billion, a PE ratio of 5.53 and a beta of 0.18.

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. 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).