ABLE Financial Group LLC Increases Holdings in iShares Gold Trust (NYSEARCA:IAU)

ABLE Financial Group LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 599.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,600 shares of the exchange traded fund’s stock after purchasing an additional 45,940 shares during the quarter. iShares Gold Trust comprises about 0.8% of ABLE Financial Group LLC’s portfolio, making the stock its 29th biggest position. ABLE Financial Group LLC’s holdings in iShares Gold Trust were worth $2,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WealthNavi Inc. raised its holdings in shares of iShares Gold Trust by 4.2% in the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after acquiring an additional 233,999 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Gold Trust by 15.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after purchasing an additional 479,796 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in iShares Gold Trust by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock valued at $152,207,000 after buying an additional 23,058 shares during the period. Truist Financial Corp raised its stake in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after buying an additional 1,339,100 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in iShares Gold Trust by 2.1% during the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after buying an additional 44,515 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.5 %

Shares of IAU traded down $0.28 during trading hours on Friday, hitting $50.78. The company had a trading volume of 2,872,910 shares, compared to its average volume of 5,914,046. iShares Gold Trust has a one year low of $36.57 and a one year high of $52.69. The company’s fifty day moving average price is $49.85 and its two-hundred day moving average price is $46.68.

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.