Modern Wealth Management LLC Boosts Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Modern Wealth Management LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 23.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,155 shares of the exchange traded fund’s stock after acquiring an additional 30,272 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares Gold Trust were worth $8,625,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. grew its holdings in shares of iShares Gold Trust by 72.9% during the third quarter. Citigroup Inc. now owns 580,005 shares of the exchange traded fund’s stock worth $28,826,000 after buying an additional 244,601 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in iShares Gold Trust during the 3rd quarter valued at about $578,000. Great Valley Advisor Group Inc. raised its holdings in iShares Gold Trust by 12.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 67,135 shares of the exchange traded fund’s stock valued at $3,337,000 after acquiring an additional 7,558 shares during the last quarter. Fisher Asset Management LLC lifted its stake in iShares Gold Trust by 81.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,351 shares of the exchange traded fund’s stock worth $514,000 after purchasing an additional 4,632 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC purchased a new position in iShares Gold Trust in the 3rd quarter worth approximately $928,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU stock opened at $56.70 on Tuesday. iShares Gold Trust has a 1 year low of $41.05 and a 1 year high of $57.59. The firm has a market capitalization of $40.62 billion, a PE ratio of -34.13 and a beta of 0.20. The business has a 50 day simple moving average of $54.23 and a 200-day simple moving average of $51.47.

About iShares Gold Trust

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.