iShares Gold Trust (NYSEARCA:IAU) Position Boosted by Insight Wealth Partners LLC

Insight Wealth Partners LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,724 shares of the exchange traded fund’s stock after buying an additional 5,369 shares during the period. iShares Gold Trust comprises approximately 1.6% of Insight Wealth Partners LLC’s portfolio, making the stock its 7th largest position. Insight Wealth Partners LLC’s holdings in iShares Gold Trust were worth $8,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IAU. Truist Financial Corp boosted its position in iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after buying an additional 1,339,100 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of iShares Gold Trust by 713.8% during the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after purchasing an additional 665,653 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of iShares Gold Trust in the second quarter worth about $26,134,000. Cetera Investment Advisers raised its position in iShares Gold Trust by 545.9% during the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares Gold Trust by 66.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after purchasing an additional 581,671 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $49.69 on Wednesday. The firm has a fifty day simple moving average of $50.34 and a two-hundred day simple moving average of $47.24. iShares Gold Trust has a 12 month low of $37.40 and a 12 month high of $52.69.

iShares Gold Trust 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.