Financial Management Network Inc. Purchases 2,745 Shares of iShares Gold Trust (NYSEARCA:IAU)

Financial Management Network Inc. boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,417 shares of the exchange traded fund’s stock after buying an additional 2,745 shares during the period. Financial Management Network Inc.’s holdings in iShares Gold Trust were worth $3,606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in iShares Gold Trust in the 4th quarter valued at about $442,000. Sanchez Wealth Management Group bought a new stake in iShares Gold Trust in the 4th quarter valued at about $228,000. JPMorgan Chase & Co. increased its position in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares in the last quarter. Independent Family Office LLC increased its position in iShares Gold Trust by 4.1% in the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after buying an additional 16,827 shares in the last quarter. Finally, Silverleafe Capital Partners LLC increased its position in iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after buying an additional 689 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Up 1.7 %

Shares of iShares Gold Trust stock opened at $55.37 on Wednesday. iShares Gold Trust has a one year low of $38.21 and a one year high of $55.44. The business has a 50-day simple moving average of $51.37 and a 200 day simple moving average of $49.92.

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.