Sharkey Howes & Javer Takes $3.07 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Sharkey Howes & Javer bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, HoldingsChannel reports. The fund bought 62,042 shares of the exchange traded fund’s stock, valued at approximately $3,072,000.

Several other large investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC increased its position in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after purchasing an additional 63,382,112 shares during the last quarter. FMR LLC increased its position in shares of iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after purchasing an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC increased its position in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after purchasing an additional 111,210 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of 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. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $53.87 on Friday. The stock has a fifty day moving average price of $52.27 and a 200-day moving average price of $50.47. iShares Gold Trust has a 1 year low of $38.65 and a 1 year high of $55.70. The firm has a market cap of $36.56 billion, a PE ratio of -33.32 and a beta of 0.20.

About iShares Gold Trust

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.