Truist Financial Corp Raises Stake in iShares Gold Trust (NYSEARCA:IAU)

Truist Financial Corp grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 56.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,160,293 shares of the exchange traded fund’s stock after purchasing an additional 1,507,442 shares during the period. Truist Financial Corp’s holdings in iShares Gold Trust were worth $205,976,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Compass Financial Services Inc acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $27,000. Archer Investment Corp lifted its stake in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the last quarter. Financial Life Planners acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $40,000. Finally, Valued Wealth Advisors LLC lifted its stake in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $54.46 on Monday. The stock’s 50-day moving average price is $51.28 and its 200 day moving average price is $49.83. iShares Gold Trust has a 12-month low of $37.76 and a 12-month high of $55.29.

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.