4J Wealth Management LLC Invests $1.46 Million in iShares Gold Trust (NYSEARCA:IAU)

4J Wealth Management LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 29,562 shares of the exchange traded fund’s stock, valued at approximately $1,464,000. iShares Gold Trust makes up approximately 1.2% of 4J Wealth Management LLC’s portfolio, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. JPMorgan Chase & Co. raised its stake in iShares Gold Trust by 9.6% during 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 buying an additional 981,362 shares during the last quarter. Independent Family Office LLC increased its holdings in shares of iShares Gold Trust by 4.1% in the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after purchasing an additional 16,827 shares in the last quarter. Silverleafe Capital Partners LLC increased its holdings in shares of iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after purchasing an additional 689 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of iShares Gold Trust by 177.6% in the 4th quarter. Merit Financial Group LLC now owns 51,538 shares of the exchange traded fund’s stock worth $2,552,000 after purchasing an additional 32,975 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of iShares Gold Trust by 4,843.7% in the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after purchasing an additional 229,303 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $52.87 on Friday. The stock has a fifty day simple moving average of $50.35 and a two-hundred day simple moving average of $49.15. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $53.18.

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.