Sumitomo Mitsui DS Asset Management Company Ltd Acquires 55,169 Shares of iShares Gold Trust $IAU

by · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 18.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 362,314 shares of the exchange traded fund’s stock after buying an additional 55,169 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in iShares Gold Trust were worth $28,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of iShares Gold Trust by 1.3% during the 2nd quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after acquiring an additional 109,246 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in iShares Gold Trust by 5.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock valued at $165,455,000 after acquiring an additional 118,328 shares during the period. Bank of New York Mellon Corp grew its position in iShares Gold Trust by 8.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,840,038 shares of the exchange traded fund’s stock valued at $138,941,000 after acquiring an additional 149,558 shares during the last quarter. GM Advisory Group LLC grew its position in iShares Gold Trust by 2.8% in the 1st quarter. GM Advisory Group LLC now owns 1,569,661 shares of the exchange traded fund’s stock valued at $138,381,000 after acquiring an additional 42,385 shares during the last quarter. Finally, AlTi Global Inc. grew its position in iShares Gold Trust by 5.4% in the 2nd quarter. AlTi Global Inc. now owns 1,651,446 shares of the exchange traded fund’s stock valued at $124,701,000 after acquiring an additional 84,457 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.6%

IAU stock opened at $77.85 on Tuesday. The business’s fifty day simple moving average is $81.37 and its two-hundred day simple moving average is $82.03. iShares Gold Trust has a twelve month low of $73.74 and a twelve month high of $104.40. The firm has a market cap of $61.39 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.

iShares Gold Trust Company 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).

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