Transform Wealth LLC Raises Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Transform Wealth LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,362 shares of the exchange traded fund’s stock after buying an additional 538 shares during the period. Transform Wealth LLC’s holdings in iShares Gold Trust were worth $279,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in iShares Gold Trust by 226.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after acquiring an additional 4,200,989 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in iShares Gold Trust during the 1st quarter worth $30,021,000. Cetera Investment Advisers lifted its holdings in iShares Gold Trust by 545.9% in the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after buying an additional 586,652 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in shares of iShares Gold Trust during the first quarter worth about $24,048,000. Finally, Wells Fargo & Company MN lifted its stake in shares of iShares Gold Trust by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock worth $452,449,000 after acquiring an additional 463,281 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of IAU opened at $46.62 on Tuesday. The stock has a 50-day moving average price of $44.84 and a 200 day moving average price of $42.94. iShares Gold Trust has a one year low of $34.35 and a one year high of $46.93.

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.