Stone Point Wealth LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Stone Point Wealth LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,142 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also modified their holdings of IAU. 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 valued at $108,303,000 after purchasing an additional 1,339,100 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in iShares Gold Trust during the 1st quarter worth approximately $30,021,000. Hsbc Holdings PLC raised its holdings in shares of iShares Gold Trust by 713.8% during the second 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 last quarter. Sanctuary Advisors LLC acquired a new position in shares of iShares Gold Trust during the second quarter valued at approximately $26,134,000. Finally, Cetera Investment Advisers raised its holdings in shares of iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after acquiring an additional 586,652 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 iShares Gold Trust stock opened at $50.98 on Friday. The business has a 50 day simple moving average of $49.85 and a two-hundred day simple moving average of $46.68. iShares Gold Trust has a 12 month low of $36.57 and a 12 month 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.