Erste Asset Management GmbH Increases Position in iShares Gold Trust $IAU

Erste Asset Management GmbH grew its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 7.3% during the third quarter, HoldingsChannel reports. The firm owned 1,905,650 shares of the exchange traded fund’s stock after acquiring an additional 130,000 shares during the period. iShares Gold Trust comprises about 1.3% of Erste Asset Management GmbH’s investment portfolio, making the stock its 12th biggest holding. Erste Asset Management GmbH’s holdings in iShares Gold Trust were worth $137,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $25,000. Abich Financial Wealth Management LLC acquired a new stake in shares of iShares Gold Trust in the 3rd quarter worth $25,000. Key Financial Inc acquired a new stake in shares of iShares Gold Trust in the 2nd quarter worth $28,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of iShares Gold Trust during the 3rd quarter worth $29,000. Finally, Traub Capital Management LLC acquired a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $31,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

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iShares Gold Trust Trading Up 0.8%

iShares Gold Trust stock opened at $97.79 on Friday. The company has a 50-day moving average price of $89.94 and a 200 day moving average price of $79.09. iShares Gold Trust has a 12-month low of $53.44 and a 12-month high of $104.40. The stock has a market cap of $82.57 billion, a P/E ratio of 5.53 and a beta of 0.09.

iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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