HBK Sorce Advisory LLC Boosts Position in iShares Gold Trust (NYSEARCA:IAU)

HBK Sorce Advisory LLC boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,072 shares of the exchange traded fund’s stock after purchasing an additional 276 shares during the quarter. HBK Sorce Advisory LLC’s holdings in iShares Gold Trust were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its holdings in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after purchasing an additional 63,382,112 shares in the last quarter. FMR LLC increased its holdings in shares of iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after purchasing an additional 60,784 shares in the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 981,362 shares in the last quarter. WealthNavi Inc. increased its holdings in shares of iShares Gold Trust by 2.4% during the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock valued at $293,297,000 after purchasing an additional 141,211 shares in the last quarter. Finally, Truist Financial Corp increased its holdings 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 valued at $205,976,000 after purchasing an additional 1,507,442 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $56.29 on Friday. The company’s fifty day moving average price is $53.40 and its 200 day moving average price is $51.00. iShares Gold Trust has a 1 year low of $40.64 and a 1 year high of $56.53. The stock has a market capitalization of $38.20 billion, a P/E ratio of -33.32 and a beta of 0.20.

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.