Fore Capital LLC Has $10.30 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Fore Capital LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,000 shares of the exchange traded fund’s stock after buying an additional 30,000 shares during the period. iShares Gold Trust accounts for approximately 3.9% of Fore Capital LLC’s portfolio, making the stock its 4th largest holding. Fore Capital LLC’s holdings in iShares Gold Trust were worth $10,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IAU. Bank of New York Mellon Corp raised its position in shares of iShares Gold Trust by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock valued at $56,260,000 after buying an additional 62,195 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $442,000. Sanchez Wealth Management Group purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $228,000. JPMorgan Chase & Co. lifted its stake in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, Independent Family Office LLC boosted its holdings in shares of iShares Gold Trust by 4.1% in the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after purchasing an additional 16,827 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $55.30 on Thursday. iShares Gold Trust has a 52 week low of $40.64 and a 52 week high of $55.70. The firm’s fifty day moving average is $53.15 and its 200 day moving average is $50.91. The firm has a market cap of $37.53 billion, a P/E ratio of -33.32 and a beta of 0.20.

iShares Gold Trust Company 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.