Franklin Resources Inc. Has $62.95 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Franklin Resources Inc. increased its position in iShares Gold Trust (NYSEARCA:IAU) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,256,447 shares of the exchange traded fund’s stock after acquiring an additional 8,407 shares during the quarter. Franklin Resources Inc. owned about 0.19% of iShares Gold Trust worth $62,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after acquiring an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC grew its position in iShares Gold Trust by 0.8% in the 3rd 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 last quarter. WealthNavi Inc. increased its holdings in shares of iShares Gold Trust by 4.2% during the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after purchasing an additional 233,999 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares Gold Trust by 15.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after buying an additional 479,796 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.2 %

NYSEARCA IAU opened at $50.06 on Tuesday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69. The firm has a 50-day simple moving average of $50.42 and a 200 day simple moving average of $47.77.

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.