Independent Solutions Wealth Management LLC Buys 48,567 Shares of iShares Gold Trust (NYSEARCA:IAU)

Independent Solutions Wealth Management LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 1,116.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,919 shares of the exchange traded fund’s stock after purchasing an additional 48,567 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in iShares Gold Trust were worth $2,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of iShares Gold Trust by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 110,016 shares of the exchange traded fund’s stock worth $5,468,000 after acquiring an additional 640 shares during the last quarter. Pathstone Holdings LLC lifted its stake in iShares Gold Trust by 0.7% during the third quarter. Pathstone Holdings LLC now owns 156,746 shares of the exchange traded fund’s stock worth $7,790,000 after purchasing an additional 1,033 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in shares of iShares Gold Trust by 18.7% in the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock worth $2,213,000 after purchasing an additional 7,001 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of iShares Gold Trust by 2.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 950,390 shares of the exchange traded fund’s stock valued at $47,234,000 after purchasing an additional 24,557 shares during the last quarter. Finally, Commerce Bank increased its position in shares of iShares Gold Trust by 2.7% during the 3rd quarter. Commerce Bank now owns 162,902 shares of the exchange traded fund’s stock valued at $8,096,000 after purchasing an additional 4,336 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $57.44 on Friday. The company has a market capitalization of $41.15 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. The business has a 50 day moving average of $53.97 and a 200 day moving average of $51.27. iShares Gold Trust has a 1-year low of $40.81 and a 1-year high of $57.59.

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.