Waldron Private Wealth LLC Makes New Investment in iShares Gold Trust $IAU

Waldron Private Wealth LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAUFree Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 34,131 shares of the exchange traded fund’s stock, valued at approximately $2,484,000.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in iShares Gold Trust by 67.5% in the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after purchasing an additional 4,398,605 shares in the last quarter. WealthNavi Inc. boosted its position in iShares Gold Trust by 8.5% during the 3rd quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after buying an additional 559,413 shares during the period. Ameriprise Financial Inc. increased its position in iShares Gold Trust by 2.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after purchasing an additional 148,881 shares during the period. Truist Financial Corp lifted its stake in shares of iShares Gold Trust by 14.4% in the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after purchasing an additional 692,844 shares during the period. Finally, Citigroup Inc. increased its stake in shares of iShares Gold Trust by 809.1% in the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after acquiring an additional 4,546,835 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 6.1%

iShares Gold Trust stock opened at $91.56 on Wednesday. iShares Gold Trust has a 12 month low of $51.51 and a 12 month high of $89.75. The business’s fifty day simple moving average is $81.45 and its two-hundred day simple moving average is $73.32. The company has a market capitalization of $76.96 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

iShares Gold Trust News Summary

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Company Profile

(Free Report)

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).

See Also

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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