iShares Gold Trust (NYSEARCA:IAU) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,396 shares of the exchange traded fund’s stock after buying an additional 3,292 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in iShares Gold Trust were worth $7,496,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in iShares Gold Trust during the 3rd quarter valued at $95,801,000. JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after acquiring an additional 672,568 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position 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 in the last quarter. Finally, Brave Asset Management Inc. acquired a new position in iShares Gold Trust in the 3rd quarter valued at about $26,169,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $53.97 on Monday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $54.48. The company’s 50-day moving average is $50.78 and its two-hundred day moving average is $49.49.

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.