Steward Partners Investment Advisory LLC Buys 58,565 Shares of iShares Gold Trust (NYSEARCA:IAU)

Steward Partners Investment Advisory LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 365,300 shares of the exchange traded fund’s stock after buying an additional 58,565 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in iShares Gold Trust were worth $18,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Shared Vision Wealth Group LLC acquired a new stake in iShares Gold Trust in the 4th quarter worth $741,000. Mission Wealth Management LP raised its holdings in shares of iShares Gold Trust by 8.6% in the 4th quarter. Mission Wealth Management LP now owns 10,126 shares of the exchange traded fund’s stock worth $501,000 after buying an additional 798 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of iShares Gold Trust by 3.8% in the 4th quarter. Fidelis Capital Partners LLC now owns 52,886 shares of the exchange traded fund’s stock worth $2,812,000 after buying an additional 1,941 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in iShares Gold Trust in the 4th quarter valued at $437,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at $4,812,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 0.9 %

Shares of IAU stock opened at $55.04 on Wednesday. The company has a market capitalization of $37.35 billion, a P/E ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 12-month low of $40.17 and a 12-month high of $55.70. The firm has a 50-day moving average price of $52.49 and a 200 day moving average price of $50.61.

About iShares Gold Trust

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.