HM Payson & Co. Acquires 375 Shares of iShares Gold Trust (NYSEARCA:IAU)

HM Payson & Co. raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 49.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136 shares of the exchange traded fund’s stock after buying an additional 375 shares during the period. HM Payson & Co.’s holdings in iShares Gold Trust were worth $56,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IAU. PNC Financial Services Group Inc. increased its holdings in shares of iShares Gold Trust by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 975,030 shares of the exchange traded fund’s stock valued at $48,274,000 after acquiring an additional 24,640 shares during the last quarter. Camden National Bank boosted its position in iShares Gold Trust by 13.5% during the fourth quarter. Camden National Bank now owns 94,041 shares of the exchange traded fund’s stock worth $4,656,000 after purchasing an additional 11,199 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in iShares Gold Trust by 4.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 262,919 shares of the exchange traded fund’s stock valued at $14,365,000 after purchasing an additional 10,200 shares during the last quarter. AMG National Trust Bank raised its position in shares of iShares Gold Trust by 1.3% in the fourth quarter. AMG National Trust Bank now owns 296,011 shares of the exchange traded fund’s stock valued at $14,588,000 after purchasing an additional 3,883 shares during the period. Finally, Beam Wealth Advisors Inc. lifted its stake in shares of iShares Gold Trust by 3.7% in the fourth quarter. Beam Wealth Advisors Inc. now owns 16,775 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 597 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.1 %

NYSEARCA IAU opened at $54.91 on Monday. iShares Gold Trust has a 1 year low of $40.63 and a 1 year high of $55.70. The company has a fifty day simple moving average of $52.82 and a 200 day simple moving average of $50.77. The company has a market cap of $37.26 billion, a P/E 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.