Truist Financial Corp Raises Holdings in iShares Gold Trust (NYSEARCA:IAU)

Truist Financial Corp increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 56.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,160,293 shares of the exchange traded fund’s stock after purchasing an additional 1,507,442 shares during the quarter. Truist Financial Corp owned approximately 0.62% of iShares Gold Trust worth $205,976,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $27,000. Archer Investment Corp increased its position in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC grew its holdings in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $54.46 on Monday. The business has a fifty day moving average of $51.28 and a two-hundred day moving average of $49.83. iShares Gold Trust has a 52-week low of $37.76 and a 52-week high of $55.29.

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.