SeaCrest Wealth Management LLC Buys 215 Shares of iShares Gold Trust (NYSEARCA:IAU)
by Doug Wharley · The Cerbat GemSeaCrest Wealth Management LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,287 shares of the exchange traded fund’s stock after acquiring an additional 215 shares during the period. SeaCrest Wealth Management LLC’s holdings in iShares Gold Trust were worth $410,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in iShares Gold Trust during the 3rd quarter worth $95,801,000. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after buying an additional 1,339,100 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after acquiring an additional 666,330 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in iShares Gold Trust by 713.8% in the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after acquiring an additional 665,653 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
NYSEARCA IAU opened at $51.25 on Friday. iShares Gold Trust has a one year low of $37.53 and a one year high of $52.69. The company’s 50-day simple moving average is $49.86 and its two-hundred day simple moving average is $48.64.
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.
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