iShares Gold Trust $IAU Shares Purchased by 5T Wealth LLC

5T Wealth LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 38.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 38,730 shares of the exchange traded fund’s stock after acquiring an additional 10,813 shares during the period. iShares Gold Trust makes up 1.2% of 5T Wealth LLC’s investment portfolio, making the stock its 25th largest position. 5T Wealth LLC’s holdings in iShares Gold Trust were worth $2,818,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased 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 valued at $680,947,000 after purchasing an additional 4,398,605 shares during the last quarter. WealthNavi Inc. grew its holdings in iShares Gold Trust by 8.5% in the 3rd quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after buying an additional 559,413 shares during the period. Ameriprise Financial Inc. grew its holdings in 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 valued at $412,563,000 after buying an additional 148,881 shares during the period. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 14.4% during 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 acquiring an additional 692,844 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of iShares Gold Trust by 809.1% during the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after acquiring an additional 4,546,835 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $85.34 on Monday. iShares Gold Trust has a 1 year low of $49.00 and a 1 year high of $85.69. The company’s 50 day simple moving average is $78.66 and its 200 day simple moving average is $70.77. The stock has a market capitalization of $70.33 billion, a PE ratio of 5.53 and a beta of 0.09.

iShares Gold Trust News Summary

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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).

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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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