iShares Gold Trust (NYSEARCA:IAU) is Forbes J M & Co. LLP’s 2nd Largest Position

Forbes J M & Co. LLP reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,363,509 shares of the exchange traded fund’s stock after selling 19,375 shares during the quarter. iShares Gold Trust accounts for 6.2% of Forbes J M & Co. LLP’s holdings, making the stock its 2nd largest position. Forbes J M & Co. LLP’s holdings in iShares Gold Trust were worth $57,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in iShares Gold Trust by 0.6% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock valued at $841,983,000 after purchasing an additional 121,364 shares during the period. Wells Fargo & Company MN grew its holdings in iShares Gold Trust by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock valued at $452,449,000 after purchasing an additional 463,281 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares Gold Trust by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after purchasing an additional 3,815,686 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in iShares Gold Trust by 226.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after purchasing an additional 4,200,989 shares during the period. Finally, WealthNavi Inc. grew its holdings in iShares Gold Trust by 12.9% in the fourth quarter. WealthNavi Inc. now owns 4,414,668 shares of the exchange traded fund’s stock valued at $172,304,000 after purchasing an additional 505,352 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU traded down $0.69 during trading on Friday, reaching $43.89. The stock had a trading volume of 5,793,345 shares, compared to its average volume of 4,148,859. The business has a fifty day moving average price of $44.30 and a 200-day moving average price of $41.22. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $46.08.

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.

See Also

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

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