TSA Wealth Managment LLC Acquires New Position in iShares Gold Trust (NYSEARCA:IAU)

TSA Wealth Managment LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,212 shares of the exchange traded fund’s stock, valued at approximately $1,347,000. iShares Gold Trust accounts for 0.5% of TSA Wealth Managment LLC’s holdings, making the stock its 28th largest holding.

Several other large investors have also bought and sold shares of the business. Steward Partners Investment Advisory LLC lifted its holdings in iShares Gold Trust by 19.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 365,300 shares of the exchange traded fund’s stock valued at $18,086,000 after buying an additional 58,565 shares during the period. Shared Vision Wealth Group LLC acquired a new position in iShares Gold Trust in the fourth quarter valued at approximately $741,000. Mission Wealth Management LP lifted its holdings in iShares Gold Trust by 8.6% in the fourth quarter. Mission Wealth Management LP now owns 10,126 shares of the exchange traded fund’s stock valued at $501,000 after buying an additional 798 shares during the period. Fidelis Capital Partners LLC lifted its holdings in iShares Gold Trust by 3.8% in the fourth quarter. Fidelis Capital Partners LLC now owns 52,886 shares of the exchange traded fund’s stock valued at $2,812,000 after buying an additional 1,941 shares during the period. Finally, Quintet Private Bank Europe S.A. bought a new stake in iShares Gold Trust in the fourth quarter valued at approximately $437,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

IAU opened at $54.57 on Tuesday. The firm’s fifty day moving average is $52.38 and its two-hundred day moving average is $50.56. The firm has a market cap of $37.03 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a twelve month low of $39.61 and a twelve month high of $55.70.

iShares Gold Trust 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.