Kitching Partners LLC Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Kitching Partners LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,990 shares of the exchange traded fund’s stock after acquiring an additional 4,037 shares during the quarter. iShares Gold Trust accounts for about 5.9% of Kitching Partners LLC’s investment portfolio, making the stock its 6th largest holding. Kitching Partners LLC’s holdings in iShares Gold Trust were worth $3,250,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. 1832 Asset Management L.P. bought a new stake in iShares Gold Trust in the 1st quarter valued at $30,021,000. Hsbc Holdings PLC boosted its position in shares of iShares Gold Trust by 713.8% during the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after buying an additional 665,653 shares during the period. Cetera Investment Advisers grew its holdings in shares of iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after buying an additional 586,652 shares in the last quarter. Bank of New York Mellon Corp raised its position in iShares Gold Trust by 66.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after buying an additional 581,671 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in iShares Gold Trust during the 1st quarter worth approximately $24,048,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8 %

Shares of IAU opened at $50.09 on Friday. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $50.57. The company has a 50 day moving average of $47.20 and a 200-day moving average of $45.05.

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.