Avidian Wealth Enterprises LLC Has $637,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

Avidian Wealth Enterprises LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,874 shares of the exchange traded fund’s stock after purchasing an additional 1,385 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares Gold Trust were worth $637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IAU. TCP Asset Management LLC grew its stake in iShares Gold Trust by 3.0% during the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after purchasing an additional 195 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in shares of iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after buying an additional 212 shares in the last quarter. Baker Avenue Asset Management LP grew its position in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares during the period. SeaCrest Wealth Management LLC increased its stake in shares of iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares in the last quarter. Finally, Avaii Wealth Management LLC lifted its position in shares of iShares Gold Trust by 1.7% during the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $54.75 on Thursday. The company’s fifty day simple moving average is $50.98 and its 200 day simple moving average is $49.66. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $54.94.

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.