J2 Capital Management Inc Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

J2 Capital Management Inc bought a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 88,080 shares of the exchange traded fund’s stock, valued at approximately $4,361,000. iShares Gold Trust makes up about 4.1% of J2 Capital Management Inc’s portfolio, making the stock its 5th biggest position.

A number of other institutional investors have also made changes to their positions in IAU. JPMorgan Chase & Co. lifted its stake in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Independent Family Office LLC raised its holdings in shares of iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after purchasing an additional 16,827 shares during the period. Silverleafe Capital Partners LLC lifted its position in shares of iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after buying an additional 689 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of iShares Gold Trust by 4,843.7% in the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after buying an additional 229,303 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in shares of iShares Gold Trust by 18.7% in the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock valued at $2,213,000 after buying an additional 7,001 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 0.5 %

IAU opened at $50.99 on Friday. The company’s 50-day moving average price is $49.87 and its 200 day moving average price is $48.73. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69.

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.