Genesis Private Wealth LLC Makes New $278,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Genesis Private Wealth LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,623 shares of the exchange traded fund’s stock, valued at approximately $278,000.

Several other institutional investors have also modified their holdings of IAU. K2 Principal Fund L.P. raised its holdings in iShares Gold Trust by 400.0% in the second quarter. K2 Principal Fund L.P. now owns 250,000 shares of the exchange traded fund’s stock valued at $10,982,000 after acquiring an additional 200,000 shares in the last quarter. Gateway Advisory LLC increased its position in shares of iShares Gold Trust by 5.1% in the 2nd quarter. Gateway Advisory LLC now owns 190,670 shares of the exchange traded fund’s stock valued at $8,376,000 after purchasing an additional 9,292 shares during the last quarter. Insigneo Advisory Services LLC acquired a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $1,113,000. AlTi Global Inc. lifted its position in shares of iShares Gold Trust by 5.3% during the 2nd quarter. AlTi Global Inc. now owns 1,240,272 shares of the exchange traded fund’s stock worth $54,485,000 after purchasing an additional 62,911 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of iShares Gold Trust during the second quarter worth $683,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $51.75 on Wednesday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69. The business’s fifty day moving average price is $49.90 and its 200 day moving average price is $48.81.

iShares Gold Trust Company 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.