Fairvoy Private Wealth LLC Buys 2,810 Shares of iShares Gold Trust (NYSEARCA:IAU)

Fairvoy Private Wealth LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 31.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 11,694 shares of the exchange traded fund’s stock after acquiring an additional 2,810 shares during the period. Fairvoy Private Wealth LLC’s holdings in iShares Gold Trust were worth $689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IAU. Proficio Capital Partners LLC increased its position in shares of iShares Gold Trust by 2,943.8% during the fourth 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 buying an additional 63,382,112 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after purchasing an additional 7,194,721 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after purchasing an additional 2,257,590 shares in the last quarter. Truist Financial Corp grew its holdings in shares of iShares Gold Trust by 56.8% during the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after purchasing an additional 1,507,442 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of 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 in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 1.3%

Shares of NYSEARCA IAU opened at $64.74 on Friday. iShares Gold Trust has a 12 month low of $43.35 and a 12 month high of $65.00. The firm has a market capitalization of $47.65 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12. The business has a 50-day moving average of $62.12 and a 200-day moving average of $56.24.

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.