UMB Bank n.a. Reduces Holdings in iShares Gold Trust (NYSEARCA:IAU)

UMB Bank n.a. decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,784 shares of the exchange traded fund’s stock after selling 17,174 shares during the quarter. UMB Bank n.a.’s holdings in iShares Gold Trust were worth $13,548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in shares of iShares Gold Trust by 5.8% in the 4th 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 acquiring an additional 62,195 shares during the period. Strategic Financial Concepts LLC purchased a new stake in iShares Gold Trust in the 4th quarter valued at approximately $442,000. Sanchez Wealth Management Group purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at $228,000. JPMorgan Chase & Co. lifted its holdings in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares in the last quarter. Finally, Betterment LLC lifted 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 buying an additional 199 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.3%

IAU stock opened at $62.47 on Friday. The stock’s fifty day simple moving average is $61.52 and its 200-day simple moving average is $55.77. iShares Gold Trust has a 52-week low of $43.35 and a 52-week high of $64.98. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12.

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.