Stratos Wealth Partners LTD. Purchases 191,780 Shares of iShares Gold Trust $IAU

Stratos Wealth Partners LTD. grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 92.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 399,941 shares of the exchange traded fund’s stock after buying an additional 191,780 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in iShares Gold Trust were worth $29,104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after purchasing an additional 6,623,876 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares Gold Trust by 67.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after purchasing an additional 4,398,605 shares during the last quarter. WealthNavi Inc. raised its holdings in iShares Gold Trust by 8.5% during the 3rd quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after buying an additional 559,413 shares during the period. Ameriprise Financial Inc. lifted its position in iShares Gold Trust by 2.3% in the second quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock worth $412,563,000 after buying an additional 148,881 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in iShares Gold Trust by 5.9% during the third quarter. Truist Financial Corp now owns 5,814,190 shares of the exchange traded fund’s stock worth $423,099,000 after buying an additional 323,755 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

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iShares Gold Trust Stock Down 1.0%

IAU stock opened at $94.71 on Wednesday. iShares Gold Trust has a twelve month low of $53.44 and a twelve month high of $104.40. The stock has a market capitalization of $79.97 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The firm’s fifty day simple moving average is $86.31 and its two-hundred day simple moving average is $76.59.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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