4,608 Shares in iShares Gold Trust (NYSEARCA:IAU) Purchased by Sanchez Wealth Management Group

Sanchez Wealth Management Group purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,608 shares of the exchange traded fund’s stock, valued at approximately $228,000.

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

iShares Gold Trust Trading Up 0.1 %

IAU opened at $53.97 on Friday. The company’s 50-day moving average price is $50.71 and its 200 day moving average price is $49.41. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $54.48.

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.