VCI Wealth Management LLC Sells 9,742 Shares of iShares Gold Trust $IAU

by · The Cerbat Gem

VCI Wealth Management LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 2.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 434,609 shares of the exchange traded fund’s stock after selling 9,742 shares during the period. iShares Gold Trust makes up approximately 9.8% of VCI Wealth Management LLC’s portfolio, making the stock its biggest position. VCI Wealth Management LLC’s holdings in iShares Gold Trust were worth $35,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Mainstay Capital Management LLC ADV raised its holdings in shares of iShares Gold Trust by 93.3% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,453,465 shares of the exchange traded fund’s stock worth $117,978,000 after purchasing an additional 701,697 shares during the period. Summit Wealth Partners LLC grew its holdings in shares of iShares Gold Trust by 20.4% during the 4th quarter. Summit Wealth Partners LLC now owns 6,415 shares of the exchange traded fund’s stock worth $521,000 after purchasing an additional 1,086 shares during the period. 5T Wealth LLC increased its position in iShares Gold Trust by 8.7% during the 4th quarter. 5T Wealth LLC now owns 42,097 shares of the exchange traded fund’s stock worth $3,425,000 after purchasing an additional 3,367 shares in the last quarter. Seeds Investor LLC increased its position in iShares Gold Trust by 6.3% during the 4th quarter. Seeds Investor LLC now owns 127,484 shares of the exchange traded fund’s stock worth $10,348,000 after purchasing an additional 7,517 shares in the last quarter. Finally, First Horizon Corp raised its holdings in iShares Gold Trust by 0.9% in the fourth quarter. First Horizon Corp now owns 25,840 shares of the exchange traded fund’s stock valued at $2,097,000 after buying an additional 235 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting iShares Gold Trust

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

iShares Gold Trust Price Performance

IAU stock traded up $1.18 during midday trading on Friday, reaching $91.34. 4,083,002 shares of the company’s stock traded hands, compared to its average volume of 15,423,073. iShares Gold Trust has a fifty-two week low of $59.71 and a fifty-two week high of $104.40. The business has a 50-day moving average price of $92.11 and a two-hundred day moving average price of $85.23. The company has a market capitalization of $77.76 billion, a P/E ratio of 5.53 and a beta of 0.20.

iShares Gold Trust Company 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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