Cresset Asset Management LLC Buys 56,499 Shares of iShares Gold Trust (NYSEARCA:IAU)

Cresset Asset Management LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,297,600 shares of the exchange traded fund’s stock after acquiring an additional 56,499 shares during the period. Cresset Asset Management LLC owned 0.19% of iShares Gold Trust worth $64,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its stake in iShares Gold Trust by 2,943.8% during the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after buying an additional 63,382,112 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Gold Trust by 200.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after acquiring an additional 7,194,721 shares during the period. LPL Financial LLC raised its position in shares of iShares Gold Trust by 35.4% in the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after acquiring an additional 2,257,590 shares in the last quarter. Truist Financial Corp lifted its stake in shares of iShares Gold Trust by 56.8% in 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 during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of iShares Gold Trust by 10.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after purchasing an additional 1,183,962 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $62.79 on Tuesday. The stock has a market capitalization of $46.13 billion, a P/E ratio of -37.96 and a beta of 0.17. The business has a 50 day simple moving average of $58.58 and a 200 day simple moving average of $53.86. iShares Gold Trust has a one year low of $43.24 and a one year high of $64.98.

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.