First American Trust FSB Grows Stake in iShares Gold Trust (NYSEARCA:IAU)

First American Trust FSB lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 332,788 shares of the exchange traded fund’s stock after acquiring an additional 4,937 shares during the period. iShares Gold Trust accounts for approximately 1.6% of First American Trust FSB’s investment portfolio, making the stock its 13th biggest holding. First American Trust FSB’s holdings in iShares Gold Trust were worth $16,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC lifted its position in iShares Gold Trust by 2,943.8% in the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares during the last quarter. FMR LLC lifted its holdings in shares of iShares Gold Trust by 0.3% in the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after purchasing an additional 60,784 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the period. LPL Financial LLC grew its stake in iShares Gold Trust by 35.4% during the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after buying an additional 2,257,590 shares during the last quarter. Finally, WealthNavi Inc. increased its position in iShares Gold Trust by 2.4% during the fourth quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock worth $293,297,000 after buying an additional 141,211 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.5 %

Shares of NYSEARCA IAU opened at $56.70 on Tuesday. The stock has a market cap of $40.62 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a twelve month low of $41.05 and a twelve month high of $57.59. The stock has a 50 day moving average of $54.23 and a two-hundred day moving average of $51.47.

iShares Gold Trust Profile

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.