Cadent Capital Advisors LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 55.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,350 shares of the exchange traded fund’s stock after acquiring an additional 46,326 shares during the period. Cadent Capital Advisors LLC’s holdings in iShares Gold Trust were worth $2,119,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Alaska Permanent Fund Corp bought a new position in iShares Gold Trust during the fourth quarter valued at $201,896,000. FMR LLC grew its position in iShares Gold Trust by 12.0% in the 4th quarter. FMR LLC now owns 87,644,756 shares of the exchange traded fund’s stock valued at $1,589,000,000 after acquiring an additional 9,387,655 shares during the last quarter. Truist Financial Corp boosted its stake in shares of iShares Gold Trust by 419.7% during the fourth quarter. Truist Financial Corp now owns 11,382,121 shares of the exchange traded fund’s stock valued at $206,357,000 after purchasing an additional 9,191,872 shares during the period. Wells Fargo & Company MN grew its stake in iShares Gold Trust by 18.5% in the 4th quarter. Wells Fargo & Company MN now owns 40,942,210 shares of the exchange traded fund’s stock worth $742,282,000 after acquiring an additional 6,404,563 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in iShares Gold Trust by 118.0% in the fourth quarter. HighTower Advisors LLC now owns 5,447,411 shares of the exchange traded fund’s stock worth $98,739,000 after purchasing an additional 2,948,041 shares in the last quarter. Institutional investors and hedge funds own 53.91% of the company’s stock.
NYSEARCA IAU traded down $0.42 during trading on Friday, reaching $35.74. 642,397 shares of the company’s stock traded hands, compared to its average volume of 11,462,949. iShares Gold Trust has a 12-month low of $31.94 and a 12-month high of $39.52. The company has a 50 day simple moving average of $34.34.
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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