Pictet Asset Management Holding SA Buys 66,700 Shares of iShares Gold Trust $IAU

Pictet Asset Management Holding SA increased its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 14.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 527,920 shares of the exchange traded fund’s stock after acquiring an additional 66,700 shares during the quarter. Pictet Asset Management Holding SA’s holdings in iShares Gold Trust were worth $44,836,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at $25,000. Monetary Solutions Ltd bought a new stake in iShares Gold Trust during the fourth quarter valued at about $26,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust in the first quarter valued at about $26,000. Rossby Financial LCC lifted its position in shares of iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Finally, Gables Capital Management Inc. boosted its stake in shares of iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 225 shares during the period. Institutional investors own 59.67% of the company’s stock.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Trading Down 0.0%

NYSEARCA:IAU opened at $75.51 on Wednesday. The stock has a 50-day moving average price of $83.63 and a 200 day moving average price of $87.58. The stock has a market capitalization of $64.29 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40.

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

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

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

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