Spectrum Wealth Counsel LLC Has $1.16 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Spectrum Wealth Counsel LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 977.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,354 shares of the exchange traded fund’s stock after buying an additional 21,186 shares during the quarter. Spectrum Wealth Counsel LLC’s holdings in iShares Gold Trust were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new stake in iShares Gold Trust during the fourth quarter worth about $442,000. Sanchez Wealth Management Group acquired a new stake in iShares Gold Trust during the fourth quarter worth about $228,000. JPMorgan Chase & Co. grew its position in 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 buying an additional 981,362 shares in the last quarter. Independent Family Office LLC grew its position in iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after buying an additional 16,827 shares in the last quarter. Finally, Silverleafe Capital Partners LLC lifted its stake in iShares Gold Trust by 0.4% during the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after purchasing an additional 689 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.6 %

Shares of IAU opened at $53.87 on Friday. The stock has a market cap of $36.56 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 12 month low of $38.65 and a 12 month high of $55.70. The company has a 50-day moving average price of $52.27 and a two-hundred day moving average price of $50.44.

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.