Foundations Investment Advisors LLC Buys 23,889 Shares of iShares Gold Trust (NYSEARCA:IAU)

Foundations Investment Advisors LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545,151 shares of the exchange traded fund’s stock after purchasing an additional 23,889 shares during the quarter. Foundations Investment Advisors LLC owned 0.09% of iShares Gold Trust worth $27,094,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IAU. Truist Financial Corp lifted its holdings in shares of iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after acquiring an additional 1,339,100 shares during the period. 1832 Asset Management L.P. acquired a new position in iShares Gold Trust during the first quarter valued at approximately $30,021,000. Hsbc Holdings PLC lifted its stake in iShares Gold Trust by 713.8% during the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after purchasing an additional 665,653 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $26,134,000. Finally, Cetera Investment Advisers increased its stake in shares of iShares Gold Trust by 545.9% in the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $51.38 on Tuesday. iShares Gold Trust has a 52 week low of $36.57 and a 52 week high of $51.76. The stock has a fifty day moving average of $48.69 and a 200-day moving average of $46.07.

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.