SouthState Corp raised its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 27.1% during the 4th quarter, Holdings Channel reports. The firm owned 2,534 shares of the exchange traded fund’s stock after purchasing an additional 541 shares during the quarter. SouthState Corp’s holdings in iShares Gold Trust were worth $125,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Compass Financial Services Inc purchased a new stake in iShares Gold Trust in the 4th quarter valued at approximately $27,000. Wintrust Investments LLC purchased a new position in iShares Gold Trust during the fourth quarter worth $29,000. Financial Life Planners acquired a new position in shares of iShares Gold Trust in the fourth quarter worth $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at $40,000. Finally, Valued Wealth Advisors LLC lifted its position in shares of iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Trading Up 0.6 %
iShares Gold Trust stock opened at $56.62 on Tuesday. The stock has a 50-day moving average price of $53.54 and a 200 day moving average price of $51.12. iShares Gold Trust has a 52 week low of $40.64 and a 52 week high of $57.11. The stock has a market cap of $40.56 billion, a PE ratio of -34.13 and a beta of 0.20.
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.
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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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