Independent Solutions Wealth Management LLC Makes New $216,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Independent Solutions Wealth Management LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,352 shares of the exchange traded fund’s stock, valued at approximately $216,000.

Other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in iShares Gold Trust during the third quarter valued at $95,801,000. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after acquiring an additional 1,339,100 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after acquiring an additional 666,330 shares in the last quarter. Hsbc Holdings PLC lifted its position in iShares Gold Trust by 713.8% during the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after acquiring an additional 665,653 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in iShares Gold Trust during the second quarter worth about $26,134,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $49.00 on Friday. The firm’s 50-day simple moving average is $50.41 and its two-hundred day simple moving average is $47.82. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69.

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.