Sumitomo Mitsui DS Asset Management Company Ltd Has $30.77 Million Stock Holdings in iShares Gold Trust $IAU

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 2.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 422,824 shares of the exchange traded fund’s stock after selling 9,344 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in iShares Gold Trust were worth $30,769,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IAU. MTM Investment Management LLC acquired a new stake in iShares Gold Trust in the second quarter valued at approximately $25,000. Keener Financial Planning LLC bought a new position in shares of iShares Gold Trust in the 2nd quarter worth $25,000. Private Wealth Management Group LLC lifted its holdings in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares in the last quarter. Key Financial Inc acquired a new stake in iShares Gold Trust in the 2nd quarter valued at $28,000. Finally, SOA Wealth Advisors LLC. increased its stake in iShares Gold Trust by 230.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 462 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 322 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.7%

IAU opened at $84.89 on Friday. The company’s fifty day moving average price is $79.88 and its two-hundred day moving average price is $72.00. iShares Gold Trust has a 1-year low of $50.14 and a 1-year high of $85.68. The company has a market cap of $71.55 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

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).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

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

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