iShares Gold Trust (NYSEARCA:IAU) Stake Boosted by Forza Wealth Management LLC

Forza Wealth Management LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,840 shares of the exchange traded fund’s stock after buying an additional 2,373 shares during the quarter. iShares Gold Trust makes up approximately 4.8% of Forza Wealth Management LLC’s portfolio, making the stock its largest position. Forza Wealth Management LLC’s holdings in iShares Gold Trust were worth $10,538,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IAU. Archer Investment Corp increased its holdings in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 635 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in shares of iShares Gold Trust by 71.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after buying an additional 500 shares during the period. McIlrath & Eck LLC grew its holdings in shares of iShares Gold Trust by 34.3% during the 3rd quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 341 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its holdings in shares of iShares Gold Trust by 32.9% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,442 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 357 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU traded down $0.56 during trading on Monday, reaching $50.22. 3,413,965 shares of the stock traded hands, compared to its average volume of 5,041,043. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69. The stock’s 50-day simple moving average is $49.90 and its two-hundred day simple moving average is $48.53.

iShares Gold Trust Company 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.