iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 2,943.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 65,535,203 shares of the exchange traded fund’s stock after purchasing an additional 63,382,112 shares during the quarter. iShares Gold Trust comprises about 1.9% of Proficio Capital Partners LLC’s portfolio, making the stock its 15th biggest position. Proficio Capital Partners LLC owned 0.10% of iShares Gold Trust worth $3,244,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Quadrature Capital Ltd acquired a new stake in iShares Gold Trust during the 3rd quarter worth $95,801,000. Truist Financial Corp raised its stake in iShares Gold Trust by 56.8% during the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after acquiring an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Park Avenue Securities LLC grew its position in iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after purchasing an additional 672,568 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in 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 worth $33,128,000 after purchasing an additional 666,330 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $55.04 on Thursday. iShares Gold Trust has a 1 year low of $38.38 and a 1 year high of $55.70. The company has a market capitalization of $37.35 billion, a P/E ratio of -33.32 and a beta of 0.20. The company’s fifty day moving average is $52.08 and its two-hundred day moving average is $50.36.

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.