iShares Gold Trust $IAU Position Raised by May Hill Capital LLC

May Hill Capital LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 130.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,912 shares of the exchange traded fund’s stock after purchasing an additional 35,104 shares during the period. iShares Gold Trust accounts for about 0.7% of May Hill Capital LLC’s investment portfolio, making the stock its 29th largest holding. May Hill Capital LLC’s holdings in iShares Gold Trust were worth $5,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new stake in iShares Gold Trust during the third quarter worth approximately $25,000. Dakota Community Bank & Trust NA bought a new stake in iShares Gold Trust during the fourth quarter worth approximately $30,000. Fourth Dimension Wealth LLC raised its holdings in iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 349 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in iShares Gold Trust during the third quarter worth approximately $31,000. Finally, Key Capital Management INC bought a new stake in iShares Gold Trust during the fourth quarter worth approximately $32,000. Institutional investors own 59.67% of the company’s stock.

Key Stories Impacting iShares Gold Trust

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iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $85.51 on Friday. The stock has a market capitalization of $72.80 billion, a P/E ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 1 year low of $59.71 and a 1 year high of $104.40. The business’s fifty day moving average is $89.23 and its two-hundred day moving average is $86.62.

iShares Gold Trust 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

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

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