SouthState Corp Increases Position in iShares Gold Trust $IAU

SouthState Corp lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 125.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,765 shares of the exchange traded fund’s stock after acquiring an additional 3,206 shares during the period. SouthState Corp’s holdings in iShares Gold Trust were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Keener Financial Planning LLC purchased a new stake in iShares Gold Trust during the 2nd quarter valued at about $25,000. BankPlus Trust Department purchased a new position in shares of iShares Gold Trust in the first quarter worth about $27,000. Private Wealth Management Group LLC lifted its holdings in shares of iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares during the period. Key Financial Inc purchased a new stake in iShares Gold Trust in the second quarter valued at approximately $28,000. Finally, Garrison Bradford & Associates Inc. purchased a new stake in iShares Gold Trust in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6%

Shares of NYSEARCA:IAU opened at $75.43 on Friday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $82.55. The company has a market cap of $62.16 billion, a PE ratio of 5.53 and a beta of 0.09. The company’s 50 day moving average is $73.08 and its 200 day moving average is $66.44.

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.