Arrien Investments Inc. Purchases Shares of 7,500 iShares Gold Trust (NYSEARCA:IAU)

Arrien Investments Inc. purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,500 shares of the exchange traded fund’s stock, valued at approximately $396,000. iShares Gold Trust comprises approximately 0.3% of Arrien Investments Inc.’s investment portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Proficio Capital Partners LLC raised its position in 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 purchasing an additional 63,382,112 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of iShares Gold Trust in the 3rd quarter valued at approximately $95,801,000. Truist Financial Corp lifted its stake in shares of iShares Gold Trust by 56.8% in 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 purchasing an additional 1,507,442 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares Gold Trust by 4,039.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock valued at $55,375,000 after purchasing an additional 1,091,440 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of iShares Gold Trust by 9.6% in the 3rd 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 during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.0 %

IAU opened at $56.29 on Monday. The stock has a market cap of $40.33 billion, a PE ratio of -34.13 and a beta of 0.20. The business has a 50 day moving average of $53.40 and a 200-day moving average of $51.05. iShares Gold Trust has a 52 week low of $40.64 and a 52 week high of $56.53.

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.