iShares Gold Trust (NYSEARCA:IAU) Holdings Boosted by Dakota Wealth Management

Dakota Wealth Management raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 321,540 shares of the exchange traded fund’s stock after acquiring an additional 5,623 shares during the period. Dakota Wealth Management owned 0.05% of iShares Gold Trust worth $15,981,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after acquiring an additional 1,339,100 shares during the period. 1832 Asset Management L.P. acquired a new position in iShares Gold Trust during the 1st quarter valued at about $30,021,000. Hsbc Holdings PLC grew its position 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 purchasing an additional 665,653 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $26,134,000. Finally, Cetera Investment Advisers raised its holdings in shares of iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after buying an additional 586,652 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $51.68 on Friday. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.92. The business has a 50 day simple moving average of $48.90 and a 200 day simple moving average of $46.16.

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.