Savvy Advisors Inc. Increases Stake in iShares Gold Trust $IAU

Savvy Advisors Inc. boosted its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 47.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 195,577 shares of the exchange traded fund’s stock after acquiring an additional 63,116 shares during the period. Savvy Advisors Inc.’s holdings in iShares Gold Trust were worth $14,232,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Willis Johnson & Associates Inc. bought a new stake in shares of iShares Gold Trust in the third quarter valued at approximately $224,000. Allegheny Financial Group bought a new position in iShares Gold Trust in the 3rd quarter worth approximately $279,000. TPG Advisors LLC grew its stake in iShares Gold Trust by 3.5% in the 3rd quarter. TPG Advisors LLC now owns 30,372 shares of the exchange traded fund’s stock valued at $2,210,000 after buying an additional 1,024 shares in the last quarter. Signet Investment Advisory Group Inc. raised its holdings in iShares Gold Trust by 1.3% during the 3rd quarter. Signet Investment Advisory Group Inc. now owns 178,734 shares of the exchange traded fund’s stock valued at $13,006,000 after acquiring an additional 2,230 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in iShares Gold Trust by 92.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 399,941 shares of the exchange traded fund’s stock valued at $29,104,000 after acquiring an additional 191,780 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $95.76 on Thursday. The firm has a market capitalization of $80.85 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a one year low of $53.44 and a one year high of $104.40. The business has a fifty day moving average price of $86.64 and a 200-day moving average price of $76.72.

More iShares Gold Trust News

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iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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