Harrington Investments INC Acquires Shares of 3,843 iShares Gold Trust (NYSEARCA:IAU)

Harrington Investments INC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 3,843 shares of the exchange traded fund’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of iShares Gold Trust by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock worth $56,260,000 after purchasing an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in iShares Gold Trust in the 4th quarter valued at about $442,000. Sanchez Wealth Management Group bought a new position in iShares Gold Trust in the 4th quarter worth about $228,000. JPMorgan Chase & Co. increased its position 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 acquiring an additional 981,362 shares during the period. Finally, Betterment LLC raised its stake in shares of iShares Gold Trust by 1.8% during the fourth quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.3%

Shares of NYSEARCA:IAU opened at $62.47 on Friday. The business’s 50 day moving average is $61.52 and its 200 day moving average is $55.73. The stock has a market cap of $45.98 billion, a P/E ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 52-week low of $43.24 and a 52-week high of $64.98.

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.