Mirae Asset Global Investments Co. Ltd. lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 99.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,215 shares of the exchange traded fund’s stock after buying an additional 223,034 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Gold Trust were worth $16,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in IAU. Renaissance Technologies LLC acquired a new stake in iShares Gold Trust in the 4th quarter valued at approximately $18,408,000. Level Four Advisory Services LLC acquired a new stake in iShares Gold Trust in the 4th quarter valued at approximately $226,000. True North Advisors LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter worth $473,000. FineMark National Bank & Trust grew its stake in shares of iShares Gold Trust by 4.4% in the fourth quarter. FineMark National Bank & Trust now owns 219,858 shares of the exchange traded fund’s stock worth $7,653,000 after acquiring an additional 9,180 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its stake in shares of iShares Gold Trust by 10.9% in the fourth quarter. Hilltop Holdings Inc. now owns 19,918 shares of the exchange traded fund’s stock worth $693,000 after acquiring an additional 1,950 shares in the last quarter. Institutional investors and hedge funds own 59.24% of the company’s stock.
iShares Gold Trust Stock Performance
NYSEARCA:IAU opened at $31.75 on Monday. The company has a fifty day simple moving average of $32.97 and a two-hundred day simple moving average of $34.80. iShares Gold Trust has a 52 week low of $31.45 and a 52 week high of $39.36.
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.
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