BlackRock Inc. Acquires 24,798,700 Shares of Ishares Gold Trust (IAU)

BlackRock Inc. lifted its holdings in shares of Ishares Gold Trust (NYSEARCA:IAU) by 83.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 54,540,869 shares of the exchange traded fund’s stock after purchasing an additional 24,798,700 shares during the period. BlackRock Inc. owned about 0.06% of Ishares Gold Trust worth $694,305,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in IAU. Certified Advisory Corp bought a new position in shares of Ishares Gold Trust during the 4th quarter valued at $120,000. Barrett Asset Management LLC grew its holdings in shares of Ishares Gold Trust by 206.5% during the 4th quarter. Barrett Asset Management LLC now owns 9,885 shares of the exchange traded fund’s stock valued at $124,000 after purchasing an additional 6,660 shares during the last quarter. Pinnacle Associates Ltd. bought a new position in shares of Ishares Gold Trust during the 4th quarter valued at $141,000. CMT Trading LLC bought a new position in shares of Ishares Gold Trust during the 4th quarter valued at $143,000. Finally, West Branch Capital LLC bought a new position in shares of Ishares Gold Trust during the 1st quarter valued at $143,000.

Ishares Gold Trust opened at $12.46 on Friday, MarketBeat.com reports. Ishares Gold Trust has a 52 week low of $11.61 and a 52 week high of $13.11.

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.

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

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