TruWealth Advisors LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 11.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 136,809 shares of the exchange traded fund’s stock after buying an additional 13,854 shares during the quarter. TruWealth Advisors LLC’s holdings in iShares Gold Trust were worth $9,956,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of IAU. Brighton Jones LLC purchased a new position in iShares Gold Trust during the 4th quarter worth $1,864,000. Bison Wealth LLC grew its position in iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after purchasing an additional 7,379 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in shares of iShares Gold Trust during the 1st quarter worth approximately $630,000. Ethos Financial Group LLC bought a new position in shares of iShares Gold Trust in the first quarter valued at approximately $284,000. Finally, Freestone Capital Holdings LLC grew its holdings in shares of iShares Gold Trust by 57.8% in the first quarter. Freestone Capital Holdings LLC now owns 27,801 shares of the exchange traded fund’s stock valued at $1,639,000 after acquiring an additional 10,187 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 0.1%
Shares of iShares Gold Trust stock opened at $81.08 on Tuesday. The business’s fifty day simple moving average is $77.63 and its 200 day simple moving average is $69.49. iShares Gold Trust has a 12 month low of $48.83 and a 12 month high of $82.55. The firm has a market capitalization of $66.82 billion, a P/E ratio of 5.53 and a beta of 0.09.
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.
Featured Articles
- Five stocks we like better than iShares Gold Trust
- What is the Nikkei 225 index?
- 3 Healthcare Giants Just Raised Dividends—Here’s Who Pays the Most
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Unassuming Evergy Energy: The AI Boost Your Income Portfolio Needs
- Insider Trading – What You Need to Know
- Pfizer Adds to Its Big Bet on Weight Loss Drugs
Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
