Integrated Wealth Concepts LLC Grows Stock Holdings in iShares Gold Trust $IAU

Integrated Wealth Concepts LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.2% during the third quarter, HoldingsChannel reports. The fund owned 334,769 shares of the exchange traded fund’s stock after purchasing an additional 28,133 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in iShares Gold Trust were worth $24,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IAU. Brighton Jones LLC bought a new position in shares of iShares Gold Trust in the fourth quarter worth $1,864,000. Bison Wealth LLC raised its stake in shares of iShares Gold Trust by 78.5% during the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares during the period. AQR Capital Management LLC raised its stake in shares of iShares Gold Trust by 47.0% during the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after purchasing an additional 8,609 shares during the period. MJP Associates Inc. ADV purchased a new stake in iShares Gold Trust during the 2nd quarter worth about $211,000. Finally, Avantax Advisory Services Inc. boosted its stake in iShares Gold Trust by 7.9% in the 2nd quarter. Avantax Advisory Services Inc. now owns 341,605 shares of the exchange traded fund’s stock worth $21,302,000 after purchasing an additional 24,889 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.3%

Shares of NYSEARCA IAU opened at $94.38 on Monday. The company has a market cap of $79.69 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $55.78 and a 52 week high of $104.40. The business has a 50-day simple moving average of $93.05 and a two-hundred day simple moving average of $81.93.

iShares Gold Trust Company 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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).