iShares Gold Trust (NYSEARCA:IAU) Shares Bought by Modern Wealth Management LLC

Modern Wealth Management LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 23.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 157,155 shares of the exchange traded fund’s stock after purchasing an additional 30,272 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares Gold Trust were worth $8,625,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its stake in shares of iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares during the period. LPL Financial LLC lifted its stake in iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after purchasing an additional 2,257,590 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of iShares Gold Trust during the third quarter worth $95,801,000. Truist Financial Corp grew its stake 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. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares Gold Trust by 4,039.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock valued at $55,375,000 after buying an additional 1,091,440 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.5 %

IAU opened at $56.70 on Tuesday. The firm has a market cap of $40.62 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. The stock’s 50-day moving average price is $54.23 and its 200 day moving average price is $51.47. iShares Gold Trust has a 12-month low of $41.05 and a 12-month high of $57.59.

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.