Intellus Advisors LLC Takes $38.73 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Intellus Advisors LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 782,214 shares of the exchange traded fund’s stock, valued at approximately $38,727,000. iShares Gold Trust makes up approximately 6.7% of Intellus Advisors LLC’s portfolio, making the stock its 3rd largest position.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC grew its holdings in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares in the last quarter. FMR LLC grew its holdings in shares of iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after acquiring an additional 60,784 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares in the last quarter. WealthNavi Inc. grew its holdings in shares of iShares Gold Trust by 2.4% during the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock valued at $293,297,000 after acquiring an additional 141,211 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in shares of iShares Gold Trust by 56.8% in the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after purchasing an additional 1,507,442 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.8 %

IAU stock opened at $56.97 on Friday. iShares Gold Trust has a 1 year low of $40.81 and a 1 year high of $57.59. The company has a fifty day simple moving average of $54.10 and a 200 day simple moving average of $51.34. The firm has a market cap of $40.81 billion, a PE ratio of -34.13 and a beta of 0.20.

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.