Synovus Financial Corp Has $4.09 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Synovus Financial Corp boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 97.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,184 shares of the exchange traded fund’s stock after buying an additional 40,640 shares during the period. Synovus Financial Corp’s holdings in iShares Gold Trust were worth $4,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of 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 acquiring an additional 479,796 shares in the last quarter. Independent Family Office LLC boosted its holdings in shares of iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after purchasing an additional 16,827 shares during the period. International Assets Investment Management LLC grew its position in iShares Gold Trust by 4,843.7% during the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after purchasing an additional 229,303 shares in the last quarter. Prime Capital Investment Advisors LLC increased its stake in iShares Gold Trust by 2.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock valued at $8,992,000 after buying an additional 4,189 shares during the period. Finally, Prospera Financial Services Inc lifted its position in iShares Gold Trust by 18.7% in the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock worth $2,213,000 after buying an additional 7,001 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $49.98 on Friday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69. The company’s fifty day simple moving average is $50.42 and its 200-day simple moving average is $47.70.

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.