Foguth Wealth Management LLC. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 116,411 shares of the exchange traded fund’s stock, valued at approximately $4,890,000. iShares Gold Trust comprises approximately 2.6% of Foguth Wealth Management LLC.’s portfolio, making the stock its 9th biggest holding.
Several other institutional investors have also modified their holdings of IAU. ORG Partners LLC acquired a new position in iShares Gold Trust during the 4th quarter worth $28,000. Private Ocean LLC bought a new stake in iShares Gold Trust in the first quarter valued at about $29,000. Pingora Partners LLC acquired a new stake in iShares Gold Trust during the fourth quarter valued at approximately $31,000. Signature Resources Capital Management LLC acquired a new stake in iShares Gold Trust during the fourth quarter valued at approximately $32,000. Finally, Chilton Capital Management LLC lifted its holdings in iShares Gold Trust by 162.8% during the 4th quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 542 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of NYSEARCA IAU traded down $0.03 during trading on Friday, reaching $43.93. The stock had a trading volume of 2,696,042 shares, compared to its average volume of 4,214,622. iShares Gold Trust has a one year low of $34.35 and a one year high of $46.08. The firm’s 50 day moving average price is $44.18 and its two-hundred day moving average price is $41.43.
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.
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