Jones Financial Companies Lllp Increases Position in iShares Gold Trust (NYSEARCA:IAU)

Jones Financial Companies Lllp increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 115.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 106,658 shares of the exchange traded fund’s stock after buying an additional 57,224 shares during the period. Jones Financial Companies Lllp’s holdings in iShares Gold Trust were worth $5,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of IAU. Quadrant Private Wealth Management LLC boosted its position in iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 195 shares during the last quarter. TPG Advisors LLC raised its stake in shares of iShares Gold Trust by 0.7% during the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after purchasing an additional 199 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in shares of iShares Gold Trust by 1.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after buying an additional 212 shares during the last quarter. Baker Avenue Asset Management LP grew its position in iShares Gold Trust by 2.9% during the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after buying an additional 215 shares during the period. Finally, SeaCrest Wealth Management LLC increased its holdings in iShares Gold Trust by 2.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after buying an additional 215 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $55.04 on Wednesday. The firm has a market cap of $37.35 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 52 week low of $40.17 and a 52 week high of $55.70. The firm’s 50-day simple moving average is $52.49 and its two-hundred day simple moving average is $50.61.

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.