Novem Group increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 51.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,850 shares of the exchange traded fund’s stock after buying an additional 9,128 shares during the quarter. Novem Group’s holdings in iShares Gold Trust were worth $2,097,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Highland Financial Advisors LLC increased its position in shares of iShares Gold Trust by 3.1% in the 3rd quarter. Highland Financial Advisors LLC now owns 127,357 shares of the exchange traded fund’s stock valued at $9,947,000 after acquiring an additional 3,819 shares during the period. North Forty Two & Co. raised its stake in iShares Gold Trust by 6.6% in the 3rd quarter. North Forty Two & Co. now owns 12,869 shares of the exchange traded fund’s stock worth $1,005,000 after acquiring an additional 800 shares during the last quarter. Fairvoy Private Wealth LLC raised its stake in iShares Gold Trust by 4.7% in the 3rd quarter. Fairvoy Private Wealth LLC now owns 11,243 shares of the exchange traded fund’s stock worth $878,000 after acquiring an additional 508 shares during the last quarter. Tenet Wealth Partners LLC lifted its position in iShares Gold Trust by 2.0% during the 3rd quarter. Tenet Wealth Partners LLC now owns 35,965 shares of the exchange traded fund’s stock worth $2,809,000 after acquiring an additional 713 shares during the period. Finally, AA Financial Advisors LLC increased its holdings in shares of iShares Gold Trust by 1.4% in the third quarter. AA Financial Advisors LLC now owns 13,543 shares of the exchange traded fund’s stock valued at $1,058,000 after purchasing an additional 192 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Down 0.6%
Shares of NYSEARCA:IAU traded down $0.49 during trading on Monday, hitting $77.85. The stock had a trading volume of 2,704,752 shares, compared to its average volume of 9,154,061. iShares Gold Trust has a 12-month low of $73.74 and a 12-month high of $104.40. The stock has a market capitalization of $61.39 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The stock has a 50-day simple moving average of $81.37 and a two-hundred day simple moving average of $82.03.
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. 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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