IFP Advisors Inc Grows Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

IFP Advisors Inc grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 20.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 507,185 shares of the exchange traded fund’s stock after purchasing an additional 86,542 shares during the quarter. iShares Gold Trust comprises approximately 0.8% of IFP Advisors Inc’s portfolio, making the stock its 15th largest holding. IFP Advisors Inc owned approximately 0.08% of iShares Gold Trust worth $25,111,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in iShares Gold Trust in the 4th quarter worth approximately $442,000. Sanchez Wealth Management Group acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $228,000. JPMorgan Chase & Co. increased 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 worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Independent Family Office LLC increased its holdings in shares of iShares Gold Trust by 4.1% during the 3rd 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 during the last quarter. Finally, Silverleafe Capital Partners LLC increased its holdings in shares of iShares Gold Trust by 0.4% during the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after buying an additional 689 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $55.39 on Monday. The company has a 50 day simple moving average of $51.75 and a 200-day simple moving average of $50.20. iShares Gold Trust has a 1 year low of $38.21 and a 1 year high of $55.60.

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.