MGO One Seven LLC Raises Stake in iShares Gold Trust $IAU

MGO One Seven LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 56.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 286,338 shares of the exchange traded fund’s stock after acquiring an additional 103,481 shares during the period. MGO One Seven LLC’s holdings in iShares Gold Trust were worth $20,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in iShares Gold Trust by 67.5% in the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after buying an additional 4,398,605 shares during the last quarter. WealthNavi Inc. increased its holdings in shares of iShares Gold Trust by 8.5% in the 3rd quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after acquiring an additional 559,413 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares Gold Trust by 2.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock worth $412,563,000 after acquiring an additional 148,881 shares in the last quarter. Truist Financial Corp lifted its stake in iShares Gold Trust by 14.4% during the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after purchasing an additional 692,844 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in iShares Gold Trust by 809.1% in the second 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. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust News Roundup

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

iShares Gold Trust Stock Up 0.7%

Shares of iShares Gold Trust stock opened at $84.89 on Monday. iShares Gold Trust has a 52 week low of $50.14 and a 52 week high of $85.68. The firm’s 50 day moving average is $79.88 and its two-hundred day moving average is $72.13. The firm has a market capitalization of $71.29 billion, a P/E ratio of 5.53 and a beta of 0.09.

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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