Jacobi Capital Management LLC Has $1.05 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Jacobi Capital Management LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,197 shares of the exchange traded fund’s stock after selling 375 shares during the period. Jacobi Capital Management LLC’s holdings in iShares Gold Trust were worth $1,049,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new position in iShares Gold Trust in the fourth quarter valued at $442,000. Sanchez Wealth Management Group acquired a new position in iShares Gold Trust in the fourth quarter valued at $228,000. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $557,498,000 after purchasing an additional 981,362 shares during the period. Independent Family Office LLC raised its holdings in shares of iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after purchasing an additional 16,827 shares during the period. Finally, Silverleafe Capital Partners LLC raised its holdings in shares of iShares Gold Trust by 0.4% during the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.6 %

Shares of NYSEARCA IAU opened at $53.87 on Friday. The firm’s 50-day moving average price is $52.27 and its 200-day moving average price is $50.47. iShares Gold Trust has a 1-year low of $38.65 and a 1-year high of $55.70. The firm has a market capitalization of $36.56 billion, a P/E ratio of -33.32 and a beta of 0.20.

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.