Pictet North America Advisors SA Has $20.14 Million Position in iShares Gold Trust $IAU

Pictet North America Advisors SA cut its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 9.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 248,159 shares of the exchange traded fund’s stock after selling 27,341 shares during the period. iShares Gold Trust makes up 1.9% of Pictet North America Advisors SA’s portfolio, making the stock its 16th biggest holding. Pictet North America Advisors SA’s holdings in iShares Gold Trust were worth $20,143,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $1,864,000. Bison Wealth LLC boosted its position in iShares Gold Trust by 78.5% during the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 7,379 shares during the period. AQR Capital Management LLC boosted its position in iShares Gold Trust by 47.0% during the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock worth $1,588,000 after buying an additional 8,609 shares during the period. M&T Bank Corp grew its holdings in iShares Gold Trust by 4.2% during the 2nd quarter. M&T Bank Corp now owns 300,016 shares of the exchange traded fund’s stock worth $18,709,000 after acquiring an additional 12,144 shares during the last quarter. Finally, Elios Financial Group Inc. bought a new stake in iShares Gold Trust during the 2nd quarter worth approximately $219,000. 59.67% of the stock is 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 Performance

Shares of NYSEARCA IAU opened at $89.68 on Thursday. The firm has a 50 day moving average price of $93.27 and a two-hundred day moving average price of $83.63. The stock has a market cap of $75.72 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52-week low of $55.78 and a 52-week high of $104.40.

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).

Featured Articles

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.