Stifel Financial Corp Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Stifel Financial Corp raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,056,655 shares of the exchange traded fund’s stock after purchasing an additional 350,559 shares during the period. Stifel Financial Corp owned approximately 0.31% of iShares Gold Trust worth $101,825,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC boosted its holdings in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares Gold Trust by 200.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after purchasing an additional 7,194,721 shares during the last quarter. LPL Financial LLC grew its position in iShares Gold Trust by 35.4% in the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after purchasing an additional 2,257,590 shares during the period. Truist Financial Corp raised its stake in iShares Gold Trust by 56.8% during the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after buying an additional 1,507,442 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in iShares Gold Trust by 10.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after buying an additional 1,183,962 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $64.59 on Tuesday. iShares Gold Trust has a 1 year low of $43.05 and a 1 year high of $65.50. The company has a market cap of $47.45 billion, a P/E ratio of -37.96 and a beta of 0.17. The stock’s fifty day moving average price is $57.14 and its 200-day moving average price is $53.00.

iShares Gold Trust Company 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.