Ehrlich Financial Group Buys Shares of 19,662 iShares Gold Trust (NYSEARCA:IAU)

Ehrlich Financial Group acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,662 shares of the exchange traded fund’s stock, valued at approximately $973,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in shares of iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after buying an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in iShares Gold Trust by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after acquiring an additional 142,487 shares in the last quarter. Empower Advisory Group LLC raised its position in iShares Gold Trust by 0.8% during the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after acquiring an additional 111,210 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares in the last quarter. Finally, WealthNavi Inc. lifted its holdings in shares of iShares Gold Trust by 4.2% in the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after purchasing an additional 233,999 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 1.0 %

Shares of IAU traded down $0.53 during mid-day trading on Monday, reaching $50.25. 4,272,714 shares of the company’s stock were exchanged, compared to its average volume of 5,181,274. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69. The company has a 50-day simple moving average of $49.90 and a two-hundred day simple moving average of $48.53.

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.