Cohen & Steers Inc. Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Cohen & Steers Inc. boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,347 shares of the exchange traded fund’s stock after acquiring an additional 27,255 shares during the period. Cohen & Steers Inc. owned 0.05% of iShares Gold Trust worth $17,791,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its position in shares of iShares Gold Trust by 3.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 53,400 shares of the exchange traded fund’s stock worth $2,654,000 after acquiring an additional 1,700 shares in the last quarter. McIlrath & Eck LLC grew its stake in iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares during the period. SkyView Investment Advisors LLC raised its holdings in iShares Gold Trust by 1.9% in the third quarter. SkyView Investment Advisors LLC now owns 494,263 shares of the exchange traded fund’s stock worth $24,543,000 after purchasing an additional 9,409 shares in the last quarter. World Investment Advisors LLC lifted its position in iShares Gold Trust by 114.2% during the third quarter. World Investment Advisors LLC now owns 33,665 shares of the exchange traded fund’s stock valued at $1,798,000 after buying an additional 17,950 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of iShares Gold Trust during the 3rd quarter valued at $388,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $60.96 on Monday. iShares Gold Trust has a 1-year low of $43.05 and a 1-year high of $61.22. The company has a market capitalization of $44.04 billion, a PE ratio of -35.73 and a beta of 0.17. The firm’s 50-day moving average price is $56.18 and its 200-day moving average price is $52.49.

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.