XML Financial LLC Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

XML Financial LLC grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 63.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,302 shares of the exchange traded fund’s stock after purchasing an additional 3,600 shares during the period. XML Financial LLC’s holdings in iShares Gold Trust were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IAU. JPMorgan Chase & Co. increased its stake in 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 valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Independent Family Office LLC raised its stake in iShares Gold Trust by 4.1% during the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after acquiring an additional 16,827 shares in the last quarter. Silverleafe Capital Partners LLC lifted its position in iShares Gold Trust by 0.4% in 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 acquiring an additional 689 shares during the last quarter. Merit Financial Group LLC boosted its stake in iShares Gold Trust by 177.6% in the fourth quarter. Merit Financial Group LLC now owns 51,538 shares of the exchange traded fund’s stock valued at $2,552,000 after acquiring an additional 32,975 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of iShares Gold Trust by 4,843.7% during the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after purchasing an additional 229,303 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $52.03 on Thursday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69. The business has a 50-day moving average price of $49.95 and a 200 day moving average price of $48.86.

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.