Financial Sense Advisors Inc. Purchases 2,288 Shares of iShares Gold Trust (NYSEARCA:IAU)

Financial Sense Advisors Inc. lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 68,171 shares of the exchange traded fund’s stock after acquiring an additional 2,288 shares during the quarter. iShares Gold Trust makes up approximately 1.1% of Financial Sense Advisors Inc.’s investment portfolio, making the stock its 23rd biggest position. Financial Sense Advisors Inc.’s holdings in iShares Gold Trust were worth $3,375,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IAU. Quadrature Capital Ltd bought a new stake in iShares Gold Trust during the 3rd quarter valued at $95,801,000. Truist Financial Corp lifted 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 acquiring an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% during the third 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 in the last quarter. Park Avenue Securities LLC boosted its stake 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 worth $33,808,000 after buying an additional 672,568 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after purchasing an additional 666,330 shares during 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 $55.42 on Thursday. iShares Gold Trust has a fifty-two week low of $38.21 and a fifty-two week high of $55.49. The company’s 50-day moving average is $51.46 and its 200 day moving average is $49.98.

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.