Apollon Financial LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 58,742 shares of the exchange traded fund’s stock after buying an additional 5,432 shares during the quarter. Apollon Financial LLC’s holdings in iShares Gold Trust were worth $2,908,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in shares of iShares Gold Trust in the third quarter worth about $95,801,000. JPMorgan Chase & Co. lifted its stake 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 worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after buying an additional 672,568 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after acquiring an additional 666,330 shares during the period. Finally, Brave Asset Management Inc. acquired a new position in iShares Gold Trust during the 3rd quarter worth $26,169,000. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Stock Performance
IAU stock opened at $53.97 on Friday. The company has a 50-day moving average of $50.71 and a two-hundred day moving average of $49.41. iShares Gold Trust has a 52-week low of $37.53 and a 52-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.
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