iShares Gold Trust $IAU Stock: Pictet Asset Management Holding SA Boosts Holdings

Pictet Asset Management Holding SA increased its position in iShares Gold Trust (NYSEARCA:IAU) by 29.3% in the third quarter, Holdings Channel reports. The firm owned 1,162,544 shares of the exchange traded fund’s stock after purchasing an additional 263,403 shares during the quarter. Pictet Asset Management Holding SA’s holdings in iShares Gold Trust were worth $91,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV raised its stake in iShares Gold Trust by 4.0% during the third quarter. Investment Management Corp VA ADV now owns 7,129 shares of the exchange traded fund’s stock valued at $557,000 after buying an additional 272 shares in the last quarter. Tennessee Valley Asset Management Partners lifted its holdings in iShares Gold Trust by 106.4% during the 3rd quarter. Tennessee Valley Asset Management Partners now owns 106,435 shares of the exchange traded fund’s stock worth $8,313,000 after buying an additional 54,863 shares during the last quarter. Parallel Advisors LLC grew its position in shares of iShares Gold Trust by 19.4% in the 3rd quarter. Parallel Advisors LLC now owns 78,312 shares of the exchange traded fund’s stock worth $6,116,000 after acquiring an additional 12,736 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of iShares Gold Trust by 8.9% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 11,986 shares of the exchange traded fund’s stock worth $936,000 after acquiring an additional 979 shares in the last quarter. Finally, Guidance Capital Inc. grew its position in shares of iShares Gold Trust by 16.3% in the 3rd quarter. Guidance Capital Inc. now owns 44,891 shares of the exchange traded fund’s stock worth $3,329,000 after acquiring an additional 6,279 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 1.8%

Shares of NYSEARCA IAU opened at $77.78 on Tuesday. iShares Gold Trust has a twelve month low of $72.71 and a twelve month high of $104.40. The company has a market capitalization of $61.34 billion, a price-to-earnings ratio of 5.53 and a beta of 0.20. The business has a 50 day simple moving average of $78.80 and a 200-day simple moving average of $84.27.

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. 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).