Twelve Points Wealth Management LLC Has $5.71 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Twelve Points Wealth Management LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,325 shares of the exchange traded fund’s stock after buying an additional 1,821 shares during the quarter. iShares Gold Trust accounts for approximately 1.6% of Twelve Points Wealth Management LLC’s holdings, making the stock its 11th biggest position. Twelve Points Wealth Management LLC’s holdings in iShares Gold Trust were worth $5,710,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IAU. Quadrature Capital Ltd acquired a new stake in shares of iShares Gold Trust in the third quarter worth $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 valued at $108,303,000 after purchasing an additional 1,339,100 shares during the period. JPMorgan Chase & Co. lifted its position in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the period. Park Avenue Securities LLC boosted its stake in iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after buying an additional 672,568 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after buying an additional 666,330 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $52.18 on Wednesday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69. The business has a fifty day moving average of $50.22 and a two-hundred day moving average of $49.06.

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.