Gateway Wealth Partners LLC Has $614,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Gateway Wealth Partners LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 147.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,402 shares of the exchange traded fund’s stock after buying an additional 7,387 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares Gold Trust were worth $614,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. SteelPeak Wealth LLC bought a new stake in iShares Gold Trust during the fourth quarter worth $2,385,000. Southern Style Financial Inc. bought a new stake in iShares Gold Trust during the fourth quarter worth $4,364,000. RCS Financial Planning LLC bought a new stake in iShares Gold Trust during the fourth quarter worth $266,000. Mayflower Financial Advisors LLC lifted its stake in iShares Gold Trust by 2.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 17,886 shares of the exchange traded fund’s stock worth $886,000 after purchasing an additional 497 shares during the last quarter. Finally, BSW Wealth Partners lifted its stake in iShares Gold Trust by 3.4% during the fourth quarter. BSW Wealth Partners now owns 143,729 shares of the exchange traded fund’s stock worth $7,116,000 after purchasing an additional 4,761 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $52.18 on Wednesday. The business has a fifty day moving average price of $50.22 and a two-hundred day moving average price of $49.06. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69.

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.