Stokes Family Office LLC Acquires New Stake in iShares Gold Trust (NYSEARCA:IAU)

Stokes Family Office LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 41,382 shares of the exchange traded fund’s stock, valued at approximately $2,049,000.

Several other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC lifted its position in iShares Gold Trust by 2,943.8% during the fourth 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 purchasing an additional 63,382,112 shares in the last quarter. Quadrature Capital Ltd bought a new stake in iShares Gold Trust during the third quarter valued at about $95,801,000. Truist Financial Corp increased its holdings in shares of iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after purchasing an additional 1,507,442 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares Gold Trust by 4,039.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock worth $55,375,000 after purchasing an additional 1,091,440 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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 last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 1.1 %

IAU opened at $57.27 on Wednesday. The firm has a market cap of $41.03 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 12 month low of $40.64 and a 12 month high of $57.33. The stock has a 50-day moving average of $53.69 and a 200 day moving average of $51.19.

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.