Certified Advisory Corp lifted its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 8.1% during the 4th quarter, HoldingsChannel reports. The fund owned 5,218 shares of the exchange traded fund’s stock after buying an additional 393 shares during the period. Certified Advisory Corp’s holdings in iShares Gold Trust were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new position in iShares Gold Trust during the third quarter valued at about $95,801,000. Truist Financial Corp grew its holdings in shares of iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 during the period. Park Avenue Securities LLC raised its stake in shares of iShares Gold Trust by 6,538.7% in the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after purchasing an additional 672,568 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after purchasing an additional 666,330 shares during the period. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of iShares Gold Trust stock opened at $50.99 on Friday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69. The company’s fifty day moving average price is $49.87 and its two-hundred day moving average price is $48.70.
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.
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