Strategic Wealth Advisors LLC Invests $647,000 in iShares Gold Trust $IAU

Strategic Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 7,978 shares of the exchange traded fund’s stock, valued at approximately $647,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Virtus Family Office LLC raised its stake in shares of iShares Gold Trust by 2.9% during the 4th quarter. Virtus Family Office LLC now owns 30,065 shares of the exchange traded fund’s stock worth $2,440,000 after buying an additional 844 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of iShares Gold Trust by 26.3% during the 4th quarter. International Assets Investment Management LLC now owns 9,377 shares of the exchange traded fund’s stock worth $761,000 after buying an additional 1,954 shares during the last quarter. Diversify Wealth Management LLC raised its position in shares of iShares Gold Trust by 1,917.2% during the 4th quarter. Diversify Wealth Management LLC now owns 54,001 shares of the exchange traded fund’s stock worth $4,664,000 after purchasing an additional 51,324 shares during the last quarter. Geneva Partners LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $344,000. Finally, MGO One Seven LLC raised its position in shares of iShares Gold Trust by 21.5% during the 4th quarter. MGO One Seven LLC now owns 347,935 shares of the exchange traded fund’s stock worth $28,242,000 after purchasing an additional 61,597 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $88.46 on Friday. iShares Gold Trust has a 1 year low of $59.71 and a 1 year high of $104.40. The company has a market capitalization of $75.31 billion, a P/E ratio of 5.53 and a beta of 0.16. The business has a 50 day moving average price of $90.41 and a 200 day moving average price of $86.28.

Key iShares Gold Trust News

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iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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