TME Financial Inc. Takes $1.27 Million Position in iShares Gold Trust (NYSEARCA:IAU)

TME Financial Inc. purchased a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,611 shares of the exchange traded fund’s stock, valued at approximately $1,273,000. iShares Gold Trust makes up 1.2% of TME Financial Inc.’s investment portfolio, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Bank of New York Mellon Corp lifted its position 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 buying an additional 62,195 shares during the period. Strategic Financial Concepts LLC acquired a new position in iShares Gold Trust during the fourth quarter worth $442,000. Sanchez Wealth Management Group bought a new position in shares of iShares Gold Trust during the fourth quarter valued at $228,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares Gold Trust by 9.6% during 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, Silverleafe Capital Partners LLC boosted its stake in shares of iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.9 %

Shares of iShares Gold Trust stock opened at $60.96 on Friday. iShares Gold Trust has a 12-month low of $43.05 and a 12-month high of $61.22. The stock has a market capitalization of $44.04 billion, a P/E ratio of -35.73 and a beta of 0.17. The company has a 50-day simple moving average of $56.18 and a 200 day simple moving average of $52.47.

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.