Forbes J M & Co. LLP Buys 11,375 Shares of iShares Gold Trust (NYSEARCA:IAU)

Forbes J M & Co. LLP lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,395,586 shares of the exchange traded fund’s stock after purchasing an additional 11,375 shares during the period. iShares Gold Trust makes up 6.7% of Forbes J M & Co. LLP’s investment portfolio, making the stock its largest holding. Forbes J M & Co. LLP’s holdings in iShares Gold Trust were worth $69,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new position in shares of iShares Gold Trust during the 3rd quarter worth approximately $95,801,000. JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after acquiring an additional 672,568 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after buying an additional 666,330 shares during the last quarter. Finally, Brave Asset Management Inc. purchased a new stake in iShares Gold Trust in the 3rd quarter worth approximately $26,169,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.1 %

NYSEARCA IAU opened at $53.97 on Friday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $54.48. The company has a 50-day moving average of $50.71 and a 200-day moving average of $49.41.

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.