Genesis Wealth Advisors LLC Purchases New Position in iShares Gold Trust (NYSEARCA:IAU)

Genesis Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,326 shares of the exchange traded fund’s stock, valued at approximately $313,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at about $442,000. Sanchez Wealth Management Group purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at about $228,000. JPMorgan Chase & Co. increased its position in shares of iShares Gold Trust by 9.6% during the third 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 period. Independent Family Office LLC increased its position in shares of iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after buying an additional 16,827 shares during the period. Finally, Silverleafe Capital Partners LLC boosted its stake in iShares Gold Trust by 0.4% during the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after acquiring an additional 689 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $55.39 on Monday. iShares Gold Trust has a one year low of $38.21 and a one year high of $55.60. The company’s 50-day simple moving average is $51.75 and its 200 day simple moving average is $50.20.

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.