Emory University Acquires Shares of 1,080,949 iShares Gold Trust $IAU

Emory University acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,080,949 shares of the exchange traded fund’s stock, valued at approximately $78,661,000. iShares Gold Trust accounts for about 50.1% of Emory University’s portfolio, making the stock its biggest position. Emory University owned about 0.13% of iShares Gold Trust as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock worth $1,493,292,000 after purchasing an additional 6,623,876 shares during the period. Citigroup Inc. raised its position in iShares Gold Trust by 809.1% during the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after buying an additional 4,546,835 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Gold Trust by 67.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock worth $680,947,000 after buying an additional 4,398,605 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of iShares Gold Trust by 2,152.7% in the 2nd quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock worth $217,892,000 after acquiring an additional 3,339,000 shares during the period. Finally, Packer & Co Ltd purchased a new stake in shares of iShares Gold Trust in the third quarter valued at about $156,463,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 4.4%

Shares of iShares Gold Trust stock opened at $95.92 on Wednesday. The firm has a market cap of $80.99 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52-week low of $54.34 and a 52-week high of $104.40. The company’s 50-day simple moving average is $90.85 and its 200-day simple moving average is $80.06.

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iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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