iShares Gold Trust $IAU is Kaydan Wealth Management Inc.’s 2nd Largest Position

Kaydan Wealth Management Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 431,597 shares of the exchange traded fund’s stock after selling 14,466 shares during the period. iShares Gold Trust comprises about 10.1% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Kaydan Wealth Management Inc. owned 0.05% of iShares Gold Trust worth $35,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new stake in iShares Gold Trust during the third quarter valued at $25,000. Mountain Hill Investment Partners Corp. acquired a new position in iShares Gold Trust during the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of iShares Gold Trust in the third quarter valued at approximately $31,000. Fourth Dimension Wealth LLC raised its position in shares of iShares Gold Trust by 436.3% in the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 349 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its stake in shares of iShares Gold Trust by 230.0% in the third quarter. SOA Wealth Advisors LLC. now owns 462 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 322 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.0%

NYSEARCA IAU opened at $82.76 on Wednesday. iShares Gold Trust has a 1 year low of $55.78 and a 1 year high of $104.40. The company has a fifty day simple moving average of $93.51 and a 200 day simple moving average of $83.01. The company has a market cap of $69.88 billion, a P/E ratio of 5.53 and a beta of 0.09.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

About iShares Gold Trust

(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).

See Also

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

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