Mirae Asset Global Investments Co. Ltd. Makes New $19.38 Million Investment in iShares Gold Trust $IAU

Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 248,100 shares of the exchange traded fund’s stock, valued at approximately $19,377,000.

Several other hedge funds have also added to or reduced their stakes in IAU. Harborfront Financial Group LLC acquired a new position in shares of iShares Gold Trust in the second quarter valued at $28,000. Dunhill Financial LLC lifted its stake in shares of iShares Gold Trust by 72.9% during the 2nd quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 159 shares during the last quarter. Gold Investment Management Ltd. acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth about $32,000. Hickory Point Bank & Trust boosted its holdings in shares of iShares Gold Trust by 171.6% during the 3rd quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 266 shares during the period. Finally, Bangor Savings Bank boosted its holdings in shares of iShares Gold Trust by 81.0% during the 3rd quarter. Bangor Savings Bank now owns 447 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $74.15 on Tuesday. iShares Gold Trust has a 52 week low of $72.71 and a 52 week high of $104.40. The firm has a market cap of $58.47 billion, a P/E ratio of 5.53 and a beta of 0.18. The firm’s 50-day simple moving average is $79.82 and its 200 day simple moving average is $84.56.

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. 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).