Farther Finance Advisors LLC Has $1.77 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Farther Finance Advisors LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 32.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,677 shares of the exchange traded fund’s stock after buying an additional 8,720 shares during the period. Farther Finance Advisors LLC’s holdings in iShares Gold Trust were worth $1,766,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IAU. Proficio Capital Partners LLC lifted its stake in iShares Gold Trust by 2,943.8% in the fourth 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 buying an additional 63,382,112 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of iShares Gold Trust during the third quarter worth about $95,801,000. Truist Financial Corp raised its position in shares of iShares Gold Trust by 56.8% during the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after purchasing an additional 1,507,442 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the period. Finally, Park Avenue Securities LLC raised its position in shares of 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 purchasing an additional 672,568 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $56.27 on Friday. The firm has a market cap of $38.19 billion, a P/E ratio of -33.32 and a beta of 0.20. The stock’s 50-day moving average is $53.27 and its 200-day moving average is $50.94. iShares Gold Trust has a one year low of $40.64 and a one year high of $56.42.

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.