Lineweaver Wealth Advisors LLC Makes New $2.16 Million Investment in iShares Gold Trust (NYSEARCA:IAU)

Lineweaver Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 43,509 shares of the exchange traded fund’s stock, valued at approximately $2,155,000.

A number of other large investors also recently made changes to their positions in IAU. Quadrature Capital Ltd acquired a new stake in iShares Gold Trust during the third quarter valued at $95,801,000. Truist Financial Corp raised its stake in shares of 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 purchasing an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 valued at $557,498,000 after buying an additional 981,362 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of iShares Gold Trust by 6,538.7% in the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after buying an additional 672,568 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of iShares Gold Trust by 10,279.7% in 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. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $55.04 on Thursday. The firm has a market cap of $37.35 billion, a PE ratio of -33.32 and a beta of 0.20. The firm’s 50 day moving average price is $52.08 and its 200 day moving average price is $50.36. iShares Gold Trust has a twelve month low of $38.38 and a twelve month high of $55.70.

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.