U.S. Capital Wealth Advisors LLC Raises Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

U.S. Capital Wealth Advisors LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 700.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 66,070 shares of the exchange traded fund’s stock after acquiring an additional 57,815 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $3,271,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in IAU. Quadrature Capital Ltd purchased a new stake in iShares Gold Trust in the third quarter valued at $95,801,000. JPMorgan Chase & Co. boosted its stake in shares of iShares Gold Trust by 9.6% in the third 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. Park Avenue Securities LLC grew its holdings in iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after acquiring an additional 672,568 shares during the period. Kovitz Investment Group Partners LLC raised its position in iShares Gold Trust by 10,279.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after acquiring an additional 666,330 shares in the last quarter. Finally, Brave Asset Management Inc. acquired a new position in iShares Gold Trust in the third quarter valued at approximately $26,169,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.2 %

Shares of NYSEARCA IAU opened at $52.87 on Monday. The firm’s 50 day simple moving average is $50.39 and its 200-day simple moving average is $49.21. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $53.18.

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.