Truist Financial Corp Boosts Stock Position in iShares Gold Trust $IAU

Truist Financial Corp increased its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,904,081 shares of the exchange traded fund’s stock after buying an additional 89,891 shares during the period. Truist Financial Corp’s holdings in iShares Gold Trust were worth $479,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares Gold Trust in the 3rd quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of iShares Gold Trust in the 3rd quarter worth approximately $29,000. Dakota Community Bank & Trust NA purchased a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $30,000. Fourth Dimension Wealth LLC grew its stake in shares of iShares Gold Trust by 436.3% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 349 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of iShares Gold Trust in the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $86.72 on Monday. The company has a market capitalization of $73.83 billion, a P/E ratio of 5.53 and a beta of 0.16. The stock’s 50 day moving average is $90.99 and its 200 day moving average is $86.12. iShares Gold Trust has a twelve month low of $59.71 and a twelve month high of $104.40.

Key Headlines Impacting iShares Gold Trust

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About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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