GenWealth Group Inc. lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 619,786 shares of the exchange traded fund’s stock after selling 89,991 shares during the period. iShares Gold Trust accounts for 3.6% of GenWealth Group Inc.’s holdings, making the stock its 12th biggest holding. GenWealth Group Inc. owned about 0.06% of iShares Gold Trust worth $8,385,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in IAU. Sumitomo Mitsui Trust Holdings Inc. raised its stake in iShares Gold Trust by 30.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 96,628,956 shares of the exchange traded fund’s stock worth $1,196,266,000 after buying an additional 22,747,938 shares during the last quarter. BlackRock Inc. raised its stake in iShares Gold Trust by 18.8% during the first quarter. BlackRock Inc. now owns 59,763,150 shares of the exchange traded fund’s stock worth $739,867,000 after buying an additional 9,456,483 shares during the last quarter. FormulaFolio Investments LLC raised its stake in iShares Gold Trust by 55,547.4% during the first quarter. FormulaFolio Investments LLC now owns 6,764,504 shares of the exchange traded fund’s stock worth $83,745,000 after buying an additional 6,752,348 shares during the last quarter. Deutsche Bank AG bought a new position in iShares Gold Trust during the fourth quarter worth $34,306,000. Finally, JPMorgan Chase & Co. raised its stake in iShares Gold Trust by 20.4% during the first quarter. JPMorgan Chase & Co. now owns 12,344,567 shares of the exchange traded fund’s stock worth $152,826,000 after buying an additional 2,090,641 shares during the last quarter.
NYSEARCA IAU traded down $0.07 during mid-day trading on Tuesday, reaching $13.56. 16,252,094 shares of the stock were exchanged, compared to its average volume of 15,668,131. iShares Gold Trust has a one year low of $11.25 and a one year high of $13.86. The company has a 50 day moving average of $13.27.
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.
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