iShares Gold Trust $IAU Shares Acquired by WESCAP Management Group Inc.

WESCAP Management Group Inc. grew its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 7.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 449,859 shares of the exchange traded fund’s stock after acquiring an additional 29,553 shares during the period. iShares Gold Trust comprises approximately 6.9% of WESCAP Management Group Inc.’s investment portfolio, making the stock its 2nd biggest position. WESCAP Management Group Inc. owned approximately 0.05% of iShares Gold Trust worth $32,726,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock worth $1,493,292,000 after purchasing an additional 6,623,876 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Gold Trust by 67.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock worth $680,947,000 after buying an additional 4,398,605 shares during the period. WealthNavi Inc. lifted its position in shares of iShares Gold Trust by 8.5% during the 3rd quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after buying an additional 559,413 shares in the last quarter. Ameriprise Financial Inc. grew its stake in iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after acquiring an additional 148,881 shares during the period. Finally, Truist Financial Corp increased its holdings in iShares Gold Trust by 5.9% in the 3rd quarter. Truist Financial Corp now owns 5,814,190 shares of the exchange traded fund’s stock worth $423,099,000 after acquiring an additional 323,755 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

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iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $93.24 on Monday. The stock has a market capitalization of $78.73 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a fifty-two week low of $53.44 and a fifty-two week high of $104.40. The company has a fifty day moving average of $85.69 and a two-hundred day moving average of $76.14.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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