Bourgeon Capital Management LLC Has $314,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Bourgeon Capital Management LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 31.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,346 shares of the exchange traded fund’s stock after purchasing an additional 1,500 shares during the quarter. Bourgeon Capital Management LLC’s holdings in iShares Gold Trust were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC increased its holdings in iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after purchasing an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in iShares Gold Trust by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after acquiring an additional 142,487 shares in the last quarter. Empower Advisory Group LLC raised its holdings in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after acquiring an additional 111,210 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares in the last quarter. Finally, WealthNavi Inc. boosted its position in iShares Gold Trust by 4.2% during the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after buying an additional 233,999 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $51.75 on Wednesday. The firm’s 50-day moving average price is $49.90 and its two-hundred day moving average price is $48.81. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69.

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.