SteelPeak Wealth LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

SteelPeak Wealth LLC acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,165 shares of the exchange traded fund’s stock, valued at approximately $2,385,000.

Other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in iShares Gold Trust during the 3rd quarter valued at about $95,801,000. Truist Financial Corp lifted its holdings in shares of iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 worth $557,498,000 after purchasing an additional 981,362 shares during the period. Park Avenue Securities LLC boosted its position in iShares Gold Trust by 6,538.7% in the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after buying an additional 672,568 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after buying an additional 666,330 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU opened at $52.00 on Thursday. The firm has a 50 day moving average of $50.27 and a two-hundred day moving average of $49.10. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69.

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.