iShares Gold Trust $IAU Shares Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 8.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 375,867 shares of the exchange traded fund’s stock after acquiring an additional 28,360 shares during the period. iShares Gold Trust comprises about 7.0% of VCI Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. VCI Wealth Management LLC’s holdings in iShares Gold Trust were worth $29,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Retirement Planning Group LLC boosted its stake in shares of iShares Gold Trust by 0.7% in the 3rd quarter. Retirement Planning Group LLC now owns 19,160 shares of the exchange traded fund’s stock valued at $1,496,000 after purchasing an additional 130 shares in the last quarter. Euro Pacific Asset Management LLC increased its position in shares of iShares Gold Trust by 3.9% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 3,504 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 131 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in shares of iShares Gold Trust by 4.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 3,724 shares of the exchange traded fund’s stock worth $291,000 after purchasing an additional 142 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of iShares Gold Trust by 3.8% during the 3rd quarter. Revolve Wealth Partners LLC now owns 3,953 shares of the exchange traded fund’s stock worth $309,000 after purchasing an additional 143 shares in the last quarter. Finally, Retirement Wealth Solutions LLC lifted its holdings in iShares Gold Trust by 2.4% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 6,163 shares of the exchange traded fund’s stock valued at $465,000 after purchasing an additional 145 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 1.7%

Shares of IAU stock opened at $74.15 on Tuesday. iShares Gold Trust has a 12-month low of $72.71 and a 12-month high of $104.40. The company has a market capitalization of $58.47 billion, a P/E ratio of 5.53 and a beta of 0.18. The firm has a 50-day moving average price of $79.82 and a 200 day moving average price of $84.56.

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).