Gateway Wealth Partners LLC Makes New $249,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Gateway Wealth Partners LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 5,015 shares of the exchange traded fund’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp boosted its holdings 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 during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of iShares Gold Trust in the 1st quarter valued at $30,021,000. Hsbc Holdings PLC boosted its holdings in shares of iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after purchasing an additional 665,653 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at $26,134,000. Finally, Cetera Investment Advisers boosted its holdings in shares of iShares Gold Trust by 545.9% in the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 1.1 %

Shares of IAU opened at $52.36 on Wednesday. The company’s fifty day moving average is $49.28 and its two-hundred day moving average is $46.38. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $52.40.

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.