Twelve Points Wealth Management LLC Has $2.63 Million Position in iShares Gold Trust $IAU

Twelve Points Wealth Management LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 88.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,086 shares of the exchange traded fund’s stock after purchasing an additional 16,904 shares during the period. Twelve Points Wealth Management LLC’s holdings in iShares Gold Trust were worth $2,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of iShares Gold Trust by 67.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after acquiring an additional 4,398,605 shares in the last quarter. WealthNavi Inc. lifted its stake in 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 purchasing an additional 559,413 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares Gold Trust by 2.3% during the second quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after purchasing an additional 148,881 shares in the last quarter. Truist Financial Corp grew 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 during the period. Finally, Citigroup Inc. grew 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 during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $83.71 on Tuesday. The company has a market capitalization of $70.52 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a one year low of $49.51 and a one year high of $85.68. The business has a 50 day simple moving average of $79.13 and a 200 day simple moving average of $71.53.

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iShares Gold Trust Profile

(Free Report)

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).

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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:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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