West Wealth Group LLC Buys 17,821 Shares of iShares Gold Trust $IAU

West Wealth Group LLC grew its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 34.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 69,569 shares of the exchange traded fund’s stock after acquiring an additional 17,821 shares during the period. iShares Gold Trust accounts for approximately 1.2% of West Wealth Group LLC’s investment portfolio, making the stock its 19th biggest position. West Wealth Group LLC’s holdings in iShares Gold Trust were worth $5,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of iShares Gold Trust by 67.5% during the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after purchasing an additional 4,398,605 shares in the last quarter. WealthNavi Inc. increased its stake in shares of iShares Gold Trust by 8.5% in the third quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after buying an additional 559,413 shares during the period. Ameriprise Financial Inc. raised its holdings in iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after buying an additional 148,881 shares during the last quarter. Truist Financial Corp boosted its position in iShares Gold Trust by 14.4% during the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after buying an additional 692,844 shares during the period. Finally, Citigroup Inc. grew its holdings in iShares Gold Trust by 809.1% during the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after acquiring an additional 4,546,835 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key Stories Impacting iShares Gold Trust

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iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $84.89 on Monday. The firm has a 50 day moving average price of $79.88 and a two-hundred day moving average price of $72.13. The stock has a market cap of $71.29 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52-week low of $50.14 and a 52-week high of $85.68.

About iShares Gold Trust

(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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