Triad Wealth Partners LLC Purchases New Stake in iShares Gold Trust (NYSEARCA:IAU)

Triad Wealth Partners LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 32,503 shares of the exchange traded fund’s stock, valued at approximately $1,609,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cypress Capital Group raised its position in shares of iShares Gold Trust by 16.5% in the fourth quarter. Cypress Capital Group now owns 118,702 shares of the exchange traded fund’s stock valued at $5,877,000 after purchasing an additional 16,782 shares during the period. Keybank National Association OH raised its holdings in iShares Gold Trust by 3.3% in the 4th quarter. Keybank National Association OH now owns 3,262,769 shares of the exchange traded fund’s stock valued at $161,540,000 after acquiring an additional 104,816 shares during the period. Ariston Services Group lifted its position in iShares Gold Trust by 0.3% during the fourth quarter. Ariston Services Group now owns 161,712 shares of the exchange traded fund’s stock worth $8,006,000 after acquiring an additional 415 shares during the last quarter. Signify Wealth lifted its position in iShares Gold Trust by 7.0% during the fourth quarter. Signify Wealth now owns 69,176 shares of the exchange traded fund’s stock worth $3,425,000 after acquiring an additional 4,496 shares during the last quarter. Finally, Synergy Investment Management LLC bought a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $727,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 0.9 %

Shares of NYSEARCA IAU opened at $55.04 on Wednesday. The firm has a market cap of $37.35 billion, a P/E ratio of -33.32 and a beta of 0.20. The business’s 50 day moving average is $52.49 and its 200-day moving average is $50.61. iShares Gold Trust has a 1-year low of $40.17 and a 1-year high of $55.70.

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.