Schrum Private Wealth Management LLC Purchases 6,415 Shares of iShares Gold Trust (NYSEARCA:IAU)

Schrum Private Wealth Management LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 100.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,830 shares of the exchange traded fund’s stock after purchasing an additional 6,415 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in iShares Gold Trust were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Truist Financial Corp lifted its stake in shares of iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after buying an additional 1,339,100 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of iShares Gold Trust in the first quarter valued at about $30,021,000. Hsbc Holdings PLC boosted its stake in shares of iShares Gold Trust by 713.8% in the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after acquiring an additional 665,653 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of iShares Gold Trust during the second quarter worth about $26,134,000. Finally, Cetera Investment Advisers raised its stake in iShares Gold Trust by 545.9% during the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.3 %

IAU stock traded up $0.13 during midday trading on Wednesday, hitting $49.21. The company’s stock had a trading volume of 2,537,871 shares, compared to its average volume of 6,038,199. iShares Gold Trust has a 12 month low of $37.02 and a 12 month high of $52.69. The company has a 50 day moving average of $50.01 and a two-hundred day moving average of $46.84.

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.