Midwest Capital Advisors LLC Acquires Shares of 27,895 iShares Gold Trust (NYSEARCA:IAU)

Midwest Capital Advisors LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,895 shares of the exchange traded fund’s stock, valued at approximately $1,381,000. iShares Gold Trust comprises 1.0% of Midwest Capital Advisors LLC’s holdings, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in iShares Gold Trust by 0.3% in the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after buying an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after buying an additional 142,487 shares during the last quarter. Empower Advisory Group LLC increased its stake in iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after buying an additional 111,210 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 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 buying an additional 981,362 shares during the last quarter. Finally, Truist Financial Corp increased its stake in 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 buying an additional 1,507,442 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.1 %

NYSEARCA:IAU opened at $55.39 on Monday. The firm has a 50-day moving average price of $51.75 and a two-hundred day moving average price of $50.20. iShares Gold Trust has a 52 week low of $38.21 and a 52 week high of $55.60.

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.