D. Scott Neal Inc. Has $4.35 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

D. Scott Neal Inc. grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 5.5% in the first quarter, HoldingsChannel.com reports. The fund owned 73,762 shares of the exchange traded fund’s stock after acquiring an additional 3,867 shares during the period. iShares Gold Trust makes up 2.4% of D. Scott Neal Inc.’s investment portfolio, making the stock its 9th largest position. D. Scott Neal Inc.’s holdings in iShares Gold Trust were worth $4,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IAU. Proficio Capital Partners LLC grew its position in shares of 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 purchasing an additional 63,382,112 shares during the period. Envestnet Asset Management Inc. grew its position in shares of iShares Gold Trust by 200.7% in the 4th 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 grew its position in shares of iShares Gold Trust by 35.4% in the 4th 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 grew its position in shares of iShares Gold Trust by 56.8% in the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after purchasing an additional 1,507,442 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of iShares Gold Trust by 10.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after purchasing an additional 1,183,962 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $62.47 on Friday. The stock has a 50 day simple moving average of $61.52 and a 200 day simple moving average of $55.73. iShares Gold Trust has a 52-week low of $43.24 and a 52-week high of $64.98. The firm has a market capitalization of $45.98 billion, a PE ratio of -38.57 and a beta of 0.12.

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.