Inlet Private Wealth LLC Grows Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Inlet Private Wealth LLC increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 8.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,817 shares of the exchange traded fund’s stock after buying an additional 3,030 shares during the period. Inlet Private Wealth LLC’s holdings in iShares Gold Trust were worth $1,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in shares of iShares Gold Trust during the third quarter valued at approximately $95,801,000. JPMorgan Chase & Co. boosted its stake in 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 valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of iShares Gold Trust by 6,538.7% in the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after purchasing an additional 672,568 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after purchasing an additional 666,330 shares during the last quarter. Finally, Brave Asset Management Inc. bought a new position in shares of iShares Gold Trust during the third quarter valued at $26,169,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.2 %

NYSEARCA IAU opened at $52.87 on Friday. iShares Gold Trust has a one year low of $37.53 and a one year high of $53.18. The stock has a 50-day moving average of $50.39 and a 200 day moving average of $49.20.

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.