Hsbc Holdings PLC Purchases 218,339 Shares of iShares Gold Trust $IAU

Hsbc Holdings PLC raised its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 51.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 646,402 shares of the exchange traded fund’s stock after buying an additional 218,339 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares Gold Trust were worth $52,467,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $25,000. Monetary Solutions Ltd acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at about $26,000. Rossby Financial LCC grew its stake in shares of iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Gables Capital Management Inc. grew its stake in shares of iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 225 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new position in iShares Gold Trust during the fourth quarter worth about $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.9%

Shares of iShares Gold Trust stock opened at $77.33 on Wednesday. iShares Gold Trust has a twelve month low of $61.37 and a twelve month high of $104.40. The company has a 50-day simple moving average of $85.10 and a two-hundred day simple moving average of $87.71. The stock has a market capitalization of $65.83 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

Key Stories Impacting iShares Gold Trust

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

About iShares Gold Trust

(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).

Featured Stories

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)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.