iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 17,886 shares of the exchange traded fund’s stock after purchasing an additional 497 shares during the period. Mayflower Financial Advisors LLC’s holdings in iShares Gold Trust were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after buying an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after acquiring an additional 142,487 shares in the last quarter. Empower Advisory Group LLC lifted its holdings in iShares Gold Trust by 0.8% in the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after acquiring an additional 111,210 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 valued at $557,498,000 after acquiring an additional 981,362 shares during the period. Finally, WealthNavi Inc. boosted its position in shares of iShares Gold Trust by 4.2% during the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after purchasing an additional 233,999 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.8 %

Shares of IAU opened at $52.18 on Wednesday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69. The company has a 50-day simple moving average of $50.22 and a 200-day simple moving average of $49.06.

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.