IHT Wealth Management LLC Has $2.29 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

IHT Wealth Management LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,179 shares of the exchange traded fund’s stock after selling 14,207 shares during the quarter. IHT Wealth Management LLC’s holdings in iShares Gold Trust were worth $2,286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC increased its position in iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares during the period. Envestnet Asset Management Inc. increased its holdings in iShares Gold Trust by 200.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after purchasing an additional 7,194,721 shares during the period. LPL Financial LLC increased its holdings in iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after purchasing an additional 2,257,590 shares during the period. 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 purchasing an additional 1,507,442 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in iShares Gold Trust by 10.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after buying an additional 1,183,962 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $63.66 on Wednesday. The business has a 50-day moving average of $57.31 and a 200-day moving average of $53.08. The company has a market capitalization of $46.77 billion, a price-to-earnings ratio of -37.96 and a beta of 0.17. iShares Gold Trust has a 1 year low of $43.05 and a 1 year high of $64.98.

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.