FFT Wealth Management LLC Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

FFT Wealth Management LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,893 shares of the exchange traded fund’s stock after purchasing an additional 2,422 shares during the quarter. FFT Wealth Management LLC’s holdings in iShares Gold Trust were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IAU. FMR LLC grew its holdings in iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after buying an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after acquiring an additional 142,487 shares in the last quarter. Empower Advisory Group LLC boosted its stake in shares of iShares Gold Trust by 0.8% during the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after acquiring an additional 111,210 shares during the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 981,362 shares in the last quarter. Finally, Truist Financial Corp increased 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 in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 1.3 %

NYSEARCA:IAU opened at $54.97 on Wednesday. iShares Gold Trust has a 12-month low of $38.31 and a 12-month high of $55.70. The firm has a market cap of $37.31 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. The company’s 50-day moving average is $51.96 and its two-hundred day moving average is $50.33.

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.