Transform Wealth LLC Boosts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Transform Wealth LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 4,996.4% during the fourth quarter, Holdings Channel reports. The fund owned 298,295 shares of the exchange traded fund’s stock after buying an additional 292,442 shares during the period. Transform Wealth LLC’s holdings in iShares Gold Trust were worth $14,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new position in shares of 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% 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 purchasing an additional 1,339,100 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 981,362 shares during the period. Park Avenue Securities LLC raised its position in shares of iShares Gold Trust by 6,538.7% in the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after purchasing an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after buying an additional 666,330 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.5 %

iShares Gold Trust stock opened at $50.99 on Tuesday. The firm has a 50 day simple moving average of $49.87 and a 200 day simple moving average of $48.76. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $52.69.

iShares Gold Trust Company 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.