Foguth Wealth Management LLC. Invests $1.25 Million in iShares Gold Trust $IAU

Foguth Wealth Management LLC. bought a new stake in iShares Gold Trust (NYSEARCA:IAUFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,291 shares of the exchange traded fund’s stock, valued at approximately $1,247,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in iShares Gold Trust by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 2,021 shares of the exchange traded fund’s stock worth $164,000 after purchasing an additional 316 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of iShares Gold Trust in the third quarter valued at $35,000. Garde Capital Inc. raised its holdings in shares of iShares Gold Trust by 15.4% in the 3rd quarter. Garde Capital Inc. now owns 53,084 shares of the exchange traded fund’s stock valued at $3,863,000 after buying an additional 7,083 shares during the period. Strategic Investment Solutions Inc. IL raised its holdings in shares of iShares Gold Trust by 3.5% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 48,526 shares of the exchange traded fund’s stock valued at $3,531,000 after buying an additional 1,641 shares during the period. Finally, IFP Advisors Inc lifted its stake in iShares Gold Trust by 3.0% during the 3rd quarter. IFP Advisors Inc now owns 566,962 shares of the exchange traded fund’s stock worth $41,259,000 after acquiring an additional 16,420 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $87.37 on Friday. The stock has a market capitalization of $73.77 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The business has a 50-day moving average of $93.66 and a 200 day moving average of $82.44. iShares Gold Trust has a 12 month low of $55.78 and a 12 month high of $104.40.

iShares Gold Trust Company 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).

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

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