Prudential PLC Boosts Stake in iShares Gold Trust $IAU

Prudential PLC raised its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 86.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 266,327 shares of the exchange traded fund’s stock after purchasing an additional 123,491 shares during the quarter. Prudential PLC’s holdings in iShares Gold Trust were worth $21,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vise Technologies Inc. raised its position in iShares Gold Trust by 28.2% in the fourth quarter. Vise Technologies Inc. now owns 47,674 shares of the exchange traded fund’s stock valued at $3,870,000 after purchasing an additional 10,495 shares during the period. Regency Capital Management Inc. DE raised its position in iShares Gold Trust by 1.6% in the fourth quarter. Regency Capital Management Inc. DE now owns 175,642 shares of the exchange traded fund’s stock valued at $14,257,000 after purchasing an additional 2,838 shares during the period. Continuum Advisory LLC raised its position in iShares Gold Trust by 181.7% in the fourth quarter. Continuum Advisory LLC now owns 13,906 shares of the exchange traded fund’s stock valued at $1,129,000 after purchasing an additional 8,969 shares during the period. Sittner & Nelson LLC purchased a new stake in iShares Gold Trust in the fourth quarter valued at $66,000. Finally, Verus Capital Partners LLC raised its position in iShares Gold Trust by 7.9% in the fourth quarter. Verus Capital Partners LLC now owns 19,765 shares of the exchange traded fund’s stock valued at $1,604,000 after purchasing an additional 1,445 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8%

NYSEARCA:IAU opened at $84.28 on Friday. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40. The company has a market capitalization of $71.75 billion, a P/E ratio of 5.53 and a beta of 0.15. The stock’s fifty day moving average is $87.11 and its two-hundred day moving average is $87.56.

Key Headlines Impacting iShares Gold Trust

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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).

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

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