iShares Gold Trust (NYSEARCA:IAU) is Fortis Group Advisors LLC’s 8th Largest Position

Fortis Group Advisors LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 265,254 shares of the exchange traded fund’s stock after purchasing an additional 34,316 shares during the quarter. iShares Gold Trust accounts for about 2.4% of Fortis Group Advisors LLC’s holdings, making the stock its 8th largest position. Fortis Group Advisors LLC’s holdings in iShares Gold Trust were worth $13,183,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Truist Financial Corp boosted its holdings in 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 valued at $108,303,000 after purchasing an additional 1,339,100 shares during the period. 1832 Asset Management L.P. purchased a new position in iShares Gold Trust during the first quarter worth about $30,021,000. Hsbc Holdings PLC increased its stake in 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 acquiring an additional 665,653 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at about $26,134,000. Finally, Cetera Investment Advisers boosted its position in shares of iShares Gold Trust by 545.9% during the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after acquiring an additional 586,652 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.5 %

Shares of NYSEARCA IAU traded up $0.28 during midday trading on Tuesday, hitting $51.66. 666,310 shares of the company’s stock were exchanged, compared to its average volume of 5,933,775. The business’s fifty day moving average price is $48.69 and its two-hundred day moving average price is $46.07. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.79.

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.