iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1,216.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,145 shares of the exchange traded fund’s stock after buying an additional 1,058 shares during the quarter. Rakuten Securities Inc.’s holdings in iShares Gold Trust were worth $68,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Hoey Investments Inc. increased its position in shares of iShares Gold Trust by 30.4% during the first quarter. Hoey Investments Inc. now owns 750 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 175 shares in the last quarter. Trust Point Inc. grew its stake in iShares Gold Trust by 0.5% during the 1st quarter. Trust Point Inc. now owns 38,635 shares of the exchange traded fund’s stock worth $2,278,000 after buying an additional 176 shares during the last quarter. TPG Advisors LLC grew its stake in iShares Gold Trust by 0.7% during the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after buying an additional 199 shares during the last quarter. Betterment LLC increased its position in iShares Gold Trust by 1.8% during the fourth quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock worth $546,000 after buying an additional 199 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in iShares Gold Trust by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock worth $2,654,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.0%

IAU stock opened at $63.82 on Wednesday. The company has a market capitalization of $46.97 billion, a P/E ratio of -38.57 and a beta of 0.12. The business has a 50 day simple moving average of $62.38 and a 200-day simple moving average of $56.43. iShares Gold Trust has a twelve month low of $43.35 and a twelve month high of $65.00.

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.