Ehrlich Financial Group Buys New Position in iShares Gold Trust (NYSEARCA:IAU)

Ehrlich Financial Group purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,662 shares of the exchange traded fund’s stock, valued at approximately $973,000.

Several other institutional investors also recently added to or reduced their stakes in IAU. Quadrature Capital Ltd purchased a new position in shares of iShares Gold Trust during the third quarter worth approximately $95,801,000. Truist Financial Corp boosted its stake in shares of iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after buying an additional 1,339,100 shares during the period. JPMorgan Chase & Co. grew 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 worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position 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 valued at $33,128,000 after acquiring an additional 666,330 shares during the period. Finally, Hsbc Holdings PLC increased its position in iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after acquiring an additional 665,653 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU traded down $0.53 during mid-day trading on Monday, hitting $50.25. 4,272,714 shares of the company were exchanged, compared to its average volume of 5,181,274. The stock has a 50 day simple moving average of $49.90 and a 200-day simple moving average of $48.53. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $52.69.

iShares Gold Trust Company 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.