Simmons Bank Boosts Position in iShares Gold Trust $IAU

Simmons Bank raised its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 35.9% during the 1st quarter, Holdings Channel reports. The firm owned 28,095 shares of the exchange traded fund’s stock after acquiring an additional 7,419 shares during the quarter. Simmons Bank’s holdings in iShares Gold Trust were worth $2,477,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IAU. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 1st quarter worth about $26,000. Fairway Wealth LLC increased its holdings in iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 252 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new position in iShares Gold Trust during the fourth quarter worth about $25,000. Rossby Financial LCC raised its position in iShares Gold Trust by 75.7% during the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Finally, Monetary Solutions Ltd acquired a new position in iShares Gold Trust during the fourth quarter worth about $26,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $75.51 on Wednesday. The firm’s 50-day moving average is $83.63 and its two-hundred day moving average is $87.58. The company has a market capitalization of $64.29 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

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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