4,015 Shares in iShares Gold Trust (NYSEARCA:IAU) Purchased by Graney & King LLC

Graney & King LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,015 shares of the exchange traded fund’s stock, valued at approximately $199,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IAU. Proficio Capital Partners LLC lifted its stake in iShares Gold Trust by 2,943.8% in the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares during the last quarter. FMR LLC raised its stake in 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 during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after acquiring an additional 981,362 shares during the period. LPL Financial LLC boosted its stake in shares of iShares Gold Trust by 35.4% during the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after acquiring an additional 2,257,590 shares during the period. Finally, WealthNavi Inc. raised its stake in iShares Gold Trust by 2.4% in the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock valued at $293,297,000 after acquiring an additional 141,211 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

IAU stock opened at $56.99 on Wednesday. iShares Gold Trust has a one year low of $41.08 and a one year high of $57.59. The stock has a market cap of $40.83 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. The company has a fifty day moving average price of $54.36 and a two-hundred day moving average price of $51.54.

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.