Chemistry Wealth Management LLC Purchases 27,721 Shares of iShares Gold Trust (NYSEARCA:IAU)

Chemistry Wealth Management LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 329,307 shares of the exchange traded fund’s stock after purchasing an additional 27,721 shares during the quarter. iShares Gold Trust accounts for 4.5% of Chemistry Wealth Management LLC’s holdings, making the stock its 4th largest holding. Chemistry Wealth Management LLC’s holdings in iShares Gold Trust were worth $19,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of iShares Gold Trust by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock worth $56,260,000 after purchasing an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth about $442,000. Sanchez Wealth Management Group acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth about $228,000. JPMorgan Chase & Co. boosted its stake in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, Betterment LLC boosted its stake in shares of iShares Gold Trust by 1.8% during the 4th quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock worth $546,000 after purchasing an additional 199 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $62.47 on Friday. iShares Gold Trust has a 12-month low of $43.24 and a 12-month high of $64.98. The stock has a market capitalization of $45.98 billion, a P/E ratio of -38.57 and a beta of 0.12. The firm’s 50-day moving average is $61.52 and its two-hundred day moving average is $55.73.

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.