iShares Gold Trust $IAU is Upper Left Wealth Management LLC’s Largest Position

Upper Left Wealth Management LLC cut its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 202,668 shares of the exchange traded fund’s stock after selling 6,378 shares during the period. iShares Gold Trust accounts for approximately 9.3% of Upper Left Wealth Management LLC’s holdings, making the stock its largest holding. Upper Left Wealth Management LLC’s holdings in iShares Gold Trust were worth $14,748,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IAU. JPMorgan Chase & Co. boosted its stake in iShares Gold Trust by 67.5% in the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock worth $680,947,000 after buying an additional 4,398,605 shares in the last quarter. WealthNavi Inc. raised its stake in shares of iShares Gold Trust by 8.5% during the third quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock worth $518,890,000 after acquiring an additional 559,413 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock worth $412,563,000 after acquiring an additional 148,881 shares during the last quarter. Truist Financial Corp boosted its stake 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 in the last quarter. Finally, Citigroup Inc. boosted its stake 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 in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.5%

Shares of NYSEARCA:IAU opened at $81.56 on Monday. The stock has a market cap of $68.71 billion, a PE ratio of 5.53 and a beta of 0.09. The company’s fifty day moving average is $78.96 and its 200 day moving average is $71.39. iShares Gold Trust has a 52 week low of $49.51 and a 52 week high of $85.68.

iShares Gold Trust Profile

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).