iShares Gold Trust (NYSEARCA:IAU) is AllGen Financial Advisors Inc.’s 4th Largest Position

AllGen Financial Advisors Inc. raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 403,803 shares of the exchange traded fund’s stock after acquiring an additional 6,504 shares during the period. iShares Gold Trust makes up 6.5% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 4th biggest holding. AllGen Financial Advisors Inc. owned 0.06% of iShares Gold Trust worth $20,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in shares of iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after acquiring an additional 1,339,100 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of iShares Gold Trust in the 1st quarter worth $30,021,000. Hsbc Holdings PLC raised its position in shares of iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after buying an additional 665,653 shares during the period. Sanctuary Advisors LLC purchased a new position in iShares Gold Trust in the second quarter valued at about $26,134,000. Finally, Cetera Investment Advisers raised its position in iShares Gold Trust by 545.9% in the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.2 %

Shares of NYSEARCA IAU opened at $51.80 on Friday. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $51.92. The stock’s 50-day simple moving average is $49.09 and its 200-day simple moving average is $46.25.

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.