Worth Asset Management LLC Acquires Shares of 5,182 iShares Gold Trust (NYSEARCA:IAU)

Worth Asset Management LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,182 shares of the exchange traded fund’s stock, valued at approximately $258,000.

Other hedge funds have also modified their holdings of the company. Truist Financial Corp raised its position in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after acquiring an additional 1,339,100 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of iShares Gold Trust in the 1st quarter valued at about $30,021,000. Hsbc Holdings PLC lifted its stake in shares of 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 valued at $33,339,000 after purchasing an additional 665,653 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares Gold Trust during the second quarter worth about $26,134,000. Finally, Cetera Investment Advisers grew its position in iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after buying an additional 586,652 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.7 %

Shares of iShares Gold Trust stock opened at $49.98 on Friday. The company has a 50-day moving average of $47.93 and a two-hundred day moving average of $45.57. iShares Gold Trust has a 12-month low of $35.36 and a 12-month high of $50.57.

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.