iShares Gold Trust $IAU Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 126.6% in the 4th quarter, HoldingsChannel reports. The fund owned 21,879 shares of the exchange traded fund’s stock after buying an additional 12,222 shares during the quarter. Fifth Third Bancorp’s holdings in iShares Gold Trust were worth $1,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth about $25,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth about $29,000. Dakota Community Bank & Trust NA acquired a new position in shares of iShares Gold Trust during the 4th quarter worth about $30,000. Fourth Dimension Wealth LLC boosted its position in shares of iShares Gold Trust by 436.3% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 349 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth about $31,000. 59.67% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting iShares Gold Trust

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iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $84.97 on Tuesday. The stock has a 50-day simple moving average of $90.99 and a 200-day simple moving average of $86.12. The stock has a market cap of $72.34 billion, a P/E ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 1 year low of $59.71 and a 1 year high of $104.40.

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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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

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

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