Fortis Group Advisors LLC Has $13.18 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Fortis Group Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 14.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 265,254 shares of the exchange traded fund’s stock after buying an additional 34,316 shares during the quarter. iShares Gold Trust makes up 2.4% of Fortis Group Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Fortis Group Advisors LLC’s holdings in iShares Gold Trust were worth $13,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC grew its position in iShares Gold Trust by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock valued at $152,207,000 after buying an additional 23,058 shares during the period. Truist Financial Corp increased its holdings in iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after buying an additional 1,339,100 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in iShares Gold Trust by 2.1% in the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock valued at $94,200,000 after acquiring an additional 44,515 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of iShares Gold Trust by 66.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after acquiring an additional 581,671 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.5 %

Shares of IAU stock traded up $0.28 during trading hours on Tuesday, hitting $51.66. 666,310 shares of the company were exchanged, compared to its average volume of 5,933,775. iShares Gold Trust has a 52-week low of $36.57 and a 52-week high of $51.79. The firm has a fifty day simple moving average of $48.69 and a 200 day simple moving average of $46.07.

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.