SteelPeak Wealth LLC Invests $2.39 Million in iShares Gold Trust (NYSEARCA:IAU)

SteelPeak Wealth LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 48,165 shares of the exchange traded fund’s stock, valued at approximately $2,385,000.

Other large investors also recently bought and sold shares of the company. Southern Style Financial Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth about $4,364,000. RCS Financial Planning LLC purchased a new position in iShares Gold Trust during the fourth quarter worth approximately $266,000. Mayflower Financial Advisors LLC boosted its position in iShares Gold Trust by 2.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 17,886 shares of the exchange traded fund’s stock worth $886,000 after purchasing an additional 497 shares in the last quarter. BSW Wealth Partners grew its holdings in iShares Gold Trust by 3.4% in the fourth quarter. BSW Wealth Partners now owns 143,729 shares of the exchange traded fund’s stock valued at $7,116,000 after purchasing an additional 4,761 shares during the period. Finally, Bensler LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $1,061,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.3 %

Shares of NYSEARCA:IAU opened at $52.00 on Thursday. The business’s 50 day moving average price is $50.27 and its 200-day moving average price is $49.10. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69.

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.