Whittier Trust Co. of Nevada Inc. Boosts Stock Position in iShares Gold Trust $IAU

Whittier Trust Co. of Nevada Inc. boosted its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,605 shares of the exchange traded fund’s stock after purchasing an additional 19,140 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in iShares Gold Trust were worth $10,375,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after acquiring an additional 6,623,876 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of iShares Gold Trust during the third quarter worth $193,639,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares Gold Trust by 20.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after purchasing an additional 2,245,617 shares during the last quarter. Packer & Co Ltd purchased a new stake in shares of iShares Gold Trust during the 3rd quarter valued at $156,463,000. Finally, Mizuho Bank Ltd. acquired a new stake in shares of iShares Gold Trust in the 3rd quarter worth $120,798,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $90.16 on Friday. The stock’s fifty day moving average price is $92.15 and its 200 day moving average price is $85.01. iShares Gold Trust has a 1-year low of $59.71 and a 1-year high of $104.40. The company has a market cap of $76.76 billion, a price-to-earnings ratio of 5.53 and a beta of 0.20.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Profile

(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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