CGN Advisors LLC Has $353,000 Position in iShares Gold Trust (NYSEARCA:IAU)

CGN Advisors LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 57.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,136 shares of the exchange traded fund’s stock after purchasing an additional 2,609 shares during the quarter. CGN Advisors LLC’s holdings in iShares Gold Trust were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new position in shares of iShares Gold Trust in the third quarter valued at approximately $95,801,000. Truist Financial Corp increased its position in iShares Gold Trust by 118.9% in the 2nd 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. JPMorgan Chase & Co. raised its stake in shares of iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after purchasing an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after purchasing an additional 666,330 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.5 %

Shares of NYSEARCA:IAU opened at $50.99 on Friday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69. The business has a fifty day simple moving average of $49.87 and a 200 day simple moving average of $48.73.

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.