iShares Gold Trust (NYSEARCA:IAU – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $55.70 and last traded at $55.69, with a volume of 920056 shares trading hands. The stock had previously closed at $55.30.
iShares Gold Trust Stock Performance
The company has a market capitalization of $38.13 billion, a PE ratio of -33.32 and a beta of 0.20. The stock’s fifty day simple moving average is $53.15 and its 200-day simple moving average is $50.91.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Proficio Capital Partners LLC raised its holdings in iShares Gold Trust by 2,943.8% in 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 buying an additional 63,382,112 shares during the period. Envestnet Asset Management Inc. raised its holdings in iShares Gold Trust by 200.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after buying an additional 7,194,721 shares during the period. LPL Financial LLC raised its holdings in iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after buying an additional 2,257,590 shares during the period. Quadrature Capital Ltd purchased a new position in iShares Gold Trust in the third quarter valued at approximately $95,801,000. Finally, Truist Financial Corp raised its holdings in 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 valued at $205,976,000 after buying an additional 1,507,442 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
About iShares Gold Trust
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.
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