Sagespring Wealth Partners LLC Purchases Shares of 207,610 iShares Gold Trust (NYSEARCA:IAU)

Sagespring Wealth Partners LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 207,610 shares of the exchange traded fund’s stock, valued at approximately $10,279,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IAU. Proficio Capital Partners LLC boosted its stake in iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after buying an additional 63,382,112 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust by 200.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after acquiring an additional 7,194,721 shares during the period. LPL Financial LLC boosted its position in shares of iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. Truist Financial Corp grew its holdings in iShares Gold Trust by 56.8% in the fourth 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 period. Finally, Wells Fargo & Company MN increased its position in iShares Gold Trust by 10.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after purchasing an additional 1,183,962 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.9 %

NYSEARCA:IAU opened at $60.96 on Friday. The company has a market cap of $44.04 billion, a P/E ratio of -35.73 and a beta of 0.17. The firm’s 50 day moving average is $56.18 and its two-hundred day moving average is $52.47. iShares Gold Trust has a fifty-two week low of $43.05 and a fifty-two week high of $61.22.

iShares Gold Trust 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.