Sumitomo Mitsui DS Asset Management Company Ltd Acquires 13,670 Shares of iShares Gold Trust (NYSEARCA:IAU)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 661,721 shares of the exchange traded fund’s stock after buying an additional 13,670 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in iShares Gold Trust were worth $32,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Ocean LLC acquired a new position in iShares Gold Trust during the first quarter worth $29,000. Global Trust Asset Management LLC boosted its stake in shares of iShares Gold Trust by 250.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new position in shares of iShares Gold Trust in the 2nd quarter valued at approximately $34,000. Finally, Pacifica Partners Inc. acquired a new stake in iShares Gold Trust in the 2nd quarter worth approximately $35,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6 %

Shares of IAU stock opened at $50.83 on Friday. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $50.92. The business’s 50 day moving average is $48.49 and its two-hundred day moving average is $45.91.

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.