Signature Wealth Management Group Acquires Shares of 4,806 iShares Gold Trust (NYSEARCA:IAU)

Signature Wealth Management Group bought a new position in iShares Gold Trust (NYSEARCA:IAU) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,806 shares of the exchange traded fund’s stock, valued at approximately $283,000.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC grew its position 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 worth $3,244,648,000 after buying an additional 63,382,112 shares during the period. 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% during the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. Truist Financial Corp raised its position 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 acquiring an additional 1,507,442 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position 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 worth $608,420,000 after purchasing an additional 1,183,962 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.3%

NYSEARCA IAU opened at $64.74 on Monday. The stock has a 50-day simple moving average of $62.12 and a 200 day simple moving average of $56.28. The company has a market capitalization of $47.65 billion, a PE ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 12 month low of $43.35 and a 12 month high of $65.00.

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.