Hsbc Holdings PLC Has $33.34 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Hsbc Holdings PLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 713.8% during the second quarter, HoldingsChannel.com reports. The firm owned 758,903 shares of the exchange traded fund’s stock after purchasing an additional 665,653 shares during the period. Hsbc Holdings PLC’s holdings in iShares Gold Trust were worth $33,339,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IAU. 1832 Asset Management L.P. acquired a new position in shares of iShares Gold Trust in the first quarter worth approximately $30,021,000. Cetera Investment Advisers lifted its stake in shares of iShares Gold Trust by 545.9% in the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after acquiring an additional 586,652 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of iShares Gold Trust by 66.2% in the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after acquiring an additional 581,671 shares during the period. Dynasty Wealth Management LLC acquired a new position in shares of iShares Gold Trust in the first quarter worth approximately $24,048,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after acquiring an additional 479,796 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU opened at $49.52 on Friday. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $49.60. The business’s 50 day moving average price is $46.79 and its two-hundred day moving average price is $44.75.

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.