Foguth Wealth Management LLC. Has $7.16 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Foguth Wealth Management LLC. boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 61.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 136,820 shares of the exchange traded fund’s stock after buying an additional 52,084 shares during the period. iShares Gold Trust accounts for approximately 1.9% of Foguth Wealth Management LLC.’s holdings, making the stock its 17th largest position. Foguth Wealth Management LLC.’s holdings in iShares Gold Trust were worth $7,157,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IAU. Confluence Wealth Services Inc. boosted its stake in shares of iShares Gold Trust by 1.9% in the 4th quarter. Confluence Wealth Services Inc. now owns 42,172 shares of the exchange traded fund’s stock valued at $2,192,000 after purchasing an additional 783 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in iShares Gold Trust by 10.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 795,062 shares of the exchange traded fund’s stock valued at $39,133,000 after purchasing an additional 74,664 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in iShares Gold Trust by 21.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 71,320 shares of the exchange traded fund’s stock valued at $3,531,000 after purchasing an additional 12,732 shares during the last quarter. Guidance Capital Inc. boosted its position in iShares Gold Trust by 32.6% in the fourth quarter. Guidance Capital Inc. now owns 43,134 shares of the exchange traded fund’s stock valued at $2,256,000 after buying an additional 10,605 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in iShares Gold Trust during the fourth quarter worth about $536,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $53.69 on Wednesday. The stock’s 50 day simple moving average is $50.54 and its 200 day simple moving average is $49.34. iShares Gold Trust has a one year low of $37.53 and a one year high of $53.69.

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.