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

Graney & King LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,015 shares of the exchange traded fund’s stock, valued at approximately $199,000.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in shares of iShares Gold Trust by 2,943.8% during the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after purchasing an additional 63,382,112 shares during the period. FMR LLC grew its position in shares of iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after buying an additional 60,784 shares during the period. JPMorgan Chase & Co. increased its stake 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 valued at $557,498,000 after acquiring an additional 981,362 shares during the last quarter. LPL Financial LLC boosted its stake in 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 last quarter. Finally, WealthNavi Inc. increased its stake in iShares Gold Trust by 2.4% in the fourth quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock valued at $293,297,000 after purchasing an additional 141,211 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $56.99 on Wednesday. The firm has a market capitalization of $40.83 billion, a PE ratio of -34.13 and a beta of 0.20. The stock has a 50 day simple moving average of $54.36 and a 200 day simple moving average of $51.54. iShares Gold Trust has a 52-week low of $41.08 and a 52-week high of $57.59.

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.