Novem Group Acquires 9,128 Shares of iShares Gold Trust $IAU

Novem Group increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 51.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 26,850 shares of the exchange traded fund’s stock after acquiring an additional 9,128 shares during the quarter. Novem Group’s holdings in iShares Gold Trust were worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in iShares Gold Trust by 1.3% in the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock valued at $659,404,000 after purchasing an additional 109,246 shares during the last quarter. Proficio Capital Partners LLC grew its position 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 worth $165,455,000 after purchasing an additional 118,328 shares during the period. Bank of New York Mellon Corp raised its stake in shares of iShares Gold Trust by 8.8% during 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 buying an additional 149,558 shares during the last quarter. AlTi Global Inc. raised its stake in shares of iShares Gold Trust by 5.4% during 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 buying an additional 84,457 shares during the last quarter. Finally, GM Advisory Group LLC raised its stake in shares of iShares Gold Trust by 2.8% during 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 buying an additional 42,385 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.6%

Shares of IAU stock traded down $0.49 on Monday, hitting $77.85. The company had a trading volume of 2,704,752 shares, compared to its average volume of 9,154,061. The firm has a market cap of $61.39 billion, a P/E ratio of 5.53 and a beta of 0.18. The company has a 50-day moving average price of $81.37 and a 200-day moving average price of $82.03. iShares Gold Trust has a twelve month low of $73.74 and a twelve month high of $104.40.

iShares Gold Trust Company Profile

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).