iShares Gold Trust $IAU Stock: Sumitomo Mitsui DS Asset Management Company Ltd Raises Stake

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 18.0% during the third quarter, HoldingsChannel.com reports. The fund owned 362,314 shares of the exchange traded fund’s stock after buying an additional 55,169 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in iShares Gold Trust were worth $28,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $26,000. Fairway Wealth LLC increased its holdings in iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares during the period. Longview Financial Advisors Inc. purchased a new position in iShares Gold Trust during the 1st quarter worth $29,000. Harborfront Financial Group LLC bought a new stake in iShares Gold Trust during the 2nd quarter valued at $28,000. Finally, Dunhill Financial LLC raised its position in iShares Gold Trust by 72.9% during the 2nd quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.6%

Shares of IAU stock opened at $77.85 on Tuesday. iShares Gold Trust has a twelve month low of $73.74 and a twelve month high of $104.40. The stock has a market capitalization of $61.39 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The stock has a fifty day simple moving average of $81.37 and a two-hundred day simple moving average of $82.03.

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. 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).