Flagstar Advisors Inc. Has $5.07 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Flagstar Advisors Inc. boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 102,488 shares of the exchange traded fund’s stock after purchasing an additional 6,839 shares during the period. iShares Gold Trust comprises 1.3% of Flagstar Advisors Inc.’s holdings, making the stock its 23rd largest position. Flagstar Advisors Inc.’s holdings in iShares Gold Trust were worth $5,074,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IAU. Quadrature Capital Ltd acquired a new stake in iShares Gold Trust during the third quarter worth approximately $95,801,000. Truist Financial Corp raised its position in shares of iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after buying an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Gold Trust by 9.6% in 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 buying an additional 981,362 shares in the last quarter. Park Avenue Securities LLC raised its position 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 buying an additional 672,568 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of 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 valued at $33,128,000 after buying an additional 666,330 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $55.37 on Wednesday. The company’s 50 day simple moving average is $51.37 and its 200 day simple moving average is $49.92. iShares Gold Trust has a 1 year low of $38.21 and a 1 year high of $55.44.

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.