SouthState Corp Grows Position in iShares Gold Trust (NYSEARCA:IAU)

SouthState Corp grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 27.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,534 shares of the exchange traded fund’s stock after purchasing an additional 541 shares during the period. SouthState Corp’s holdings in iShares Gold Trust were worth $125,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in iShares Gold Trust during the fourth quarter worth about $27,000. Wintrust Investments LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at about $29,000. Financial Life Planners acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring 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 Price Performance

NYSEARCA IAU opened at $56.62 on Tuesday. The business has a 50 day moving average price of $53.54 and a 200 day moving average price of $51.12. The company has a market capitalization of $40.56 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 1-year low of $40.64 and a 1-year high of $57.11.

About iShares Gold Trust

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.