Citizens Financial Group Inc. RI Has $1.24 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Citizens Financial Group Inc. RI boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 12.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,112 shares of the exchange traded fund’s stock after purchasing an additional 2,834 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in iShares Gold Trust were worth $1,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. 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 worth $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 worth $1,146,335,000 after purchasing an additional 60,784 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 worth $741,610,000 after purchasing an additional 111,210 shares during the last quarter. 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 worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. increased its position in shares of iShares Gold Trust by 2.4% during the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock worth $293,297,000 after purchasing an additional 141,211 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.4 %

IAU stock opened at $55.30 on Thursday. The firm has a market capitalization of $37.53 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 1-year low of $40.64 and a 1-year high of $55.70. The business’s 50 day simple moving average is $53.15 and its 200 day simple moving average is $50.91.

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.