Savvy Advisors Inc. Purchases 125,132 Shares of iShares Gold Trust $IAU

Savvy Advisors Inc. raised its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 64.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 320,709 shares of the exchange traded fund’s stock after purchasing an additional 125,132 shares during the period. iShares Gold Trust comprises 0.8% of Savvy Advisors Inc.’s portfolio, making the stock its 23rd biggest position. Savvy Advisors Inc.’s holdings in iShares Gold Trust were worth $26,032,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in shares of iShares Gold Trust during the 3rd quarter worth $25,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of iShares Gold Trust in the third quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares Gold Trust in the third quarter worth about $31,000. Fourth Dimension Wealth LLC lifted its stake in iShares Gold Trust by 436.3% in the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 349 shares during the period. Finally, SOA Wealth Advisors LLC. grew its holdings in iShares Gold Trust by 230.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 462 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 322 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $87.94 on Friday. The stock has a market cap of $74.87 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The firm’s 50-day moving average is $93.06 and its two-hundred day moving average is $83.89. iShares Gold Trust has a 1 year low of $55.78 and a 1 year high of $104.40.

iShares Gold Trust Profile

(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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