First Eagle Investment Management LLC Has $197,000 Position in iShares Gold Trust (NYSEARCA:IAU)

First Eagle Investment Management LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 254.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,683 shares of the exchange traded fund’s stock after acquiring an additional 3,361 shares during the quarter. First Eagle Investment Management LLC’s holdings in iShares Gold Trust were worth $197,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IAU. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in iShares Gold Trust by 0.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock worth $841,983,000 after purchasing an additional 121,364 shares during the last quarter. Wells Fargo & Company MN raised its holdings in iShares Gold Trust by 4.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock worth $452,449,000 after acquiring an additional 463,281 shares during the period. Charles Schwab Investment Management Inc. lifted its position in iShares Gold Trust by 226.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock worth $236,531,000 after acquiring an additional 4,200,989 shares during the last quarter. WealthNavi Inc. boosted its holdings in iShares Gold Trust by 12.9% during the fourth quarter. WealthNavi Inc. now owns 4,414,668 shares of the exchange traded fund’s stock valued at $172,304,000 after acquiring an additional 505,352 shares during the period. Finally, Raymond James & Associates grew its position in shares of iShares Gold Trust by 5.0% in the first quarter. Raymond James & Associates now owns 3,844,075 shares of the exchange traded fund’s stock valued at $161,490,000 after purchasing an additional 183,140 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 1.8 %

Shares of iShares Gold Trust stock traded down $0.82 during midday trading on Friday, hitting $45.33. The company had a trading volume of 3,545,825 shares, compared to its average volume of 6,175,813. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $46.93. The business’s 50 day simple moving average is $44.55 and its two-hundred day simple moving average is $42.04.

iShares Gold Trust Company Profile

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.