Ashton Thomas Private Wealth LLC Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

Ashton Thomas Private Wealth LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 81.4% in the fourth quarter, HoldingsChannel reports. The fund owned 81,161 shares of the exchange traded fund’s stock after purchasing an additional 36,430 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in iShares Gold Trust were worth $4,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of IAU. Proficio Capital Partners LLC increased its stake in shares of iShares Gold Trust by 2,943.8% in the 4th 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 purchasing an additional 63,382,112 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in iShares Gold Trust in the third quarter valued at approximately $95,801,000. Truist Financial Corp lifted its position in shares of iShares Gold Trust by 56.8% during the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after buying an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in iShares Gold Trust by 6,538.7% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1 %

IAU opened at $54.91 on Friday. The firm’s fifty day simple moving average is $52.82 and its two-hundred day simple moving average is $50.72. iShares Gold Trust has a 52-week low of $40.63 and a 52-week high of $55.70. The company has a market cap of $37.26 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20.

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.