Noble Wealth Management PBC Makes New $916,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Noble Wealth Management PBC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 18,509 shares of the exchange traded fund’s stock, valued at approximately $916,000.

A number of other large investors also recently bought and sold shares of IAU. Proficio Capital Partners LLC raised its position in iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after buying an additional 63,382,112 shares during the last quarter. Quadrature Capital Ltd purchased a new position in iShares Gold Trust during the 3rd quarter worth $95,801,000. Truist Financial Corp raised its position in iShares Gold Trust by 56.8% during the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after buying an additional 1,507,442 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after buying an additional 672,568 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.6 %

NYSEARCA:IAU opened at $53.87 on Friday. iShares Gold Trust has a fifty-two week low of $38.65 and a fifty-two week high of $55.70. The stock has a market cap of $36.56 billion, a PE ratio of -33.32 and a beta of 0.20. The firm’s fifty day simple moving average is $52.27 and its 200-day simple moving average is $50.44.

About iShares Gold Trust

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.