Flywheel Private Wealth LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Flywheel Private Wealth LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 31,942 shares of the exchange traded fund’s stock, valued at approximately $1,581,000. iShares Gold Trust makes up 1.5% of Flywheel Private Wealth LLC’s holdings, making the stock its 17th largest position.

Several other large investors have also modified their holdings of IAU. Quadrature Capital Ltd purchased a new stake in iShares Gold Trust in the third quarter valued at $95,801,000. Truist Financial Corp increased its position in shares of iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of iShares Gold Trust by 6,538.7% in the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after purchasing an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after buying an additional 666,330 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8 %

IAU opened at $50.91 on Thursday. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69. The business’s 50 day moving average is $49.85 and its two-hundred day moving average is $48.62.

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.