Transcend Capital Advisors LLC Buys 2,249 Shares of iShares Gold Trust (NYSEARCA:IAU)

Transcend Capital Advisors LLC grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 21.2% in the fourth quarter, HoldingsChannel reports. The fund owned 12,844 shares of the exchange traded fund’s stock after acquiring an additional 2,249 shares during the period. Transcend Capital Advisors LLC’s holdings in iShares Gold Trust were worth $636,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IAU. Quadrature Capital Ltd bought a new position in iShares Gold Trust in the 3rd quarter worth approximately $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 acquiring an additional 1,507,442 shares during the last quarter. 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 acquiring an additional 981,362 shares during the last quarter. Park Avenue Securities LLC raised its holdings in iShares Gold Trust by 6,538.7% during the 4th 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 last quarter. Finally, Kovitz Investment Group Partners LLC raised its holdings in iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after purchasing an additional 666,330 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $55.39 on Friday. iShares Gold Trust has a 1-year low of $38.21 and a 1-year high of $55.60. The business has a 50-day moving average price of $51.75 and a two-hundred day moving average price of $50.13.

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.