Arkansas Financial Group Inc. Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

Arkansas Financial Group Inc. increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 38.5% in the fourth quarter, Holdings Channel reports. The fund owned 10,650 shares of the exchange traded fund’s stock after purchasing an additional 2,959 shares during the quarter. Arkansas Financial Group Inc.’s holdings in iShares Gold Trust were worth $527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new stake in shares of iShares Gold Trust in the 3rd quarter valued at about $95,801,000. Truist Financial Corp increased its holdings in iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after buying an additional 1,339,100 shares during the period. JPMorgan Chase & Co. raised its stake in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after buying an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after acquiring an additional 666,330 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

IAU opened at $51.98 on Friday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69. The stock has a fifty day moving average price of $50.02 and a 200-day moving average price of $48.88.

iShares Gold Trust 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.