May Hill Capital LLC Acquires 12,537 Shares of iShares Gold Trust $IAU

May Hill Capital LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 87.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,808 shares of the exchange traded fund’s stock after buying an additional 12,537 shares during the quarter. May Hill Capital LLC’s holdings in iShares Gold Trust were worth $1,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in iShares Gold Trust by 47.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after purchasing an additional 6,623,876 shares during the period. Citigroup Inc. boosted its stake in shares of 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 valued at $318,586,000 after purchasing an additional 4,546,835 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $680,947,000 after purchasing an additional 4,398,605 shares in the last quarter. Prudential Financial Inc. increased its position in shares of iShares Gold Trust by 2,152.7% during the second quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock valued at $217,892,000 after buying an additional 3,339,000 shares during the period. Finally, Packer & Co Ltd bought a new position in iShares Gold Trust in the third quarter worth about $156,463,000. Institutional investors own 59.67% of the company’s stock.

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iShares Gold Trust Stock Down 3.1%

IAU opened at $91.82 on Wednesday. iShares Gold Trust has a 52 week low of $53.44 and a 52 week high of $104.40. The stock has a market cap of $77.53 billion, a PE ratio of 5.53 and a beta of 0.09. The business has a 50 day moving average of $87.79 and a 200-day moving average of $77.70.

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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