Elm Partners Management LLC Acquires Shares of 489,322 iShares Gold Trust (NYSEARCA:IAU)

Elm Partners Management LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 489,322 shares of the exchange traded fund’s stock, valued at approximately $6,058,000. iShares Gold Trust comprises about 1.6% of Elm Partners Management LLC’s portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of iShares Gold Trust by 30.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 96,628,956 shares of the exchange traded fund’s stock valued at $1,196,266,000 after acquiring an additional 22,747,938 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of iShares Gold Trust by 18.8% during the 1st quarter. BlackRock Inc. now owns 59,763,150 shares of the exchange traded fund’s stock valued at $739,867,000 after acquiring an additional 9,456,483 shares during the last quarter. FormulaFolio Investments LLC boosted its holdings in shares of iShares Gold Trust by 55,547.4% during the 1st quarter. FormulaFolio Investments LLC now owns 6,764,504 shares of the exchange traded fund’s stock valued at $83,745,000 after acquiring an additional 6,752,348 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $34,306,000. Finally, Elephas Investment Management Ltd purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $31,340,000.

Shares of NYSEARCA IAU opened at $12.69 on Wednesday. iShares Gold Trust has a 52-week low of $11.25 and a 52-week high of $12.91.

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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.

Further Reading: Cash Flow

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

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