SVB Wealth LLC Makes New Investment in iShares Gold Trust $IAU

SVB Wealth LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,902 shares of the exchange traded fund’s stock, valued at approximately $493,000.

Several other large investors also recently made changes to their positions in IAU. JPMorgan Chase & Co. raised its position in 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 worth $680,947,000 after acquiring an additional 4,398,605 shares in the last quarter. WealthNavi Inc. grew its position in shares of iShares Gold Trust by 8.6% in the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after acquiring an additional 521,530 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares Gold Trust by 10.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after purchasing an additional 616,559 shares during the last quarter. Truist Financial Corp raised its holdings in shares of iShares Gold Trust by 14.4% in the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after purchasing an additional 692,844 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of iShares Gold Trust by 809.1% in the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock valued at $318,586,000 after purchasing an additional 4,546,835 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $79.34 on Wednesday. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55. The stock has a market capitalization of $65.38 billion, a P/E ratio of 5.53 and a beta of 0.09. The stock has a 50-day simple moving average of $77.05 and a 200 day simple moving average of $68.99.

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.