iShares Gold Trust (NYSEARCA:IAU) is Sage Rhino Capital LLC’s 5th Largest Position

Sage Rhino Capital LLC increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 332,489 shares of the exchange traded fund’s stock after acquiring an additional 1,554 shares during the period. iShares Gold Trust makes up about 3.3% of Sage Rhino Capital LLC’s holdings, making the stock its 5th largest holding. Sage Rhino Capital LLC’s holdings in iShares Gold Trust were worth $12,977,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in iShares Gold Trust by 0.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock worth $841,983,000 after purchasing an additional 121,364 shares in the last quarter. Charles Schwab Investment Advisory Inc. lifted its stake in iShares Gold Trust by 1.0% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 20,597,212 shares of the exchange traded fund’s stock worth $720,696,000 after purchasing an additional 199,531 shares in the last quarter. Empower Advisory Group LLC lifted its stake in iShares Gold Trust by 2.6% during the third quarter. Empower Advisory Group LLC now owns 14,357,348 shares of the exchange traded fund’s stock worth $502,364,000 after purchasing an additional 366,559 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares Gold Trust by 58.9% during the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after purchasing an additional 3,815,686 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in iShares Gold Trust by 13.6% during the third quarter. HighTower Advisors LLC now owns 4,792,681 shares of the exchange traded fund’s stock worth $167,556,000 after purchasing an additional 573,424 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.9 %

Shares of NYSEARCA IAU traded down $0.85 during mid-day trading on Tuesday, hitting $43.31. The company had a trading volume of 9,228,585 shares, compared to its average volume of 6,901,650. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $45.98. The business’s 50-day simple moving average is $41.91 and its 200 day simple moving average is $39.41.

iShares Gold Trust 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.