Foguth Wealth Management LLC. Purchases 52,084 Shares of iShares Gold Trust (NYSEARCA:IAU)

Foguth Wealth Management LLC. boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 61.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,820 shares of the exchange traded fund’s stock after acquiring an additional 52,084 shares during the period. iShares Gold Trust accounts for 1.9% of Foguth Wealth Management LLC.’s investment portfolio, making the stock its 17th biggest holding. Foguth Wealth Management LLC.’s holdings in iShares Gold Trust were worth $7,157,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IAU. FMR LLC increased its position in iShares Gold Trust by 0.3% in the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after buying an additional 60,784 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in iShares Gold Trust by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after acquiring an additional 142,487 shares during the period. Empower Advisory Group LLC increased its position in iShares Gold Trust by 0.8% during the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after acquiring an additional 111,210 shares during the period. JPMorgan Chase & Co. raised its stake in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. boosted its holdings in iShares Gold Trust by 4.2% in the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after purchasing an additional 233,999 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 1.0 %

NYSEARCA IAU opened at $53.69 on Wednesday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $53.69. The firm has a 50-day simple moving average of $50.54 and a 200 day simple moving average of $49.34.

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.