Avestar Capital LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 71.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,627 shares of the exchange traded fund’s stock after acquiring an additional 37,821 shares during the quarter. Avestar Capital LLC’s holdings in iShares Gold Trust were worth $4,487,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Beckerman Institutional LLC increased its holdings in shares of iShares Gold Trust by 29.1% in the fourth quarter. Beckerman Institutional LLC now owns 9,030 shares of the exchange traded fund’s stock valued at $447,000 after purchasing an additional 2,034 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter worth about $74,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in iShares Gold Trust in the 4th quarter valued at about $170,000. Three Bridge Wealth Advisors LLC raised its holdings in iShares Gold Trust by 0.4% in the 4th quarter. Three Bridge Wealth Advisors LLC now owns 197,524 shares of the exchange traded fund’s stock valued at $9,779,000 after acquiring an additional 800 shares during the period. Finally, Avidian Wealth Enterprises LLC raised its holdings in iShares Gold Trust by 12.1% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 12,874 shares of the exchange traded fund’s stock valued at $637,000 after acquiring an additional 1,385 shares during the period. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
Shares of NYSEARCA:IAU opened at $54.75 on Thursday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $54.94. The business has a 50 day moving average of $50.98 and a 200-day moving average of $49.66.
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.
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