Outlook Wealth Advisors LLC Makes New $544,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Outlook Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,937 shares of the exchange traded fund’s stock, valued at approximately $544,000.

A number of other hedge funds also recently bought and sold shares of IAU. Truist Financial Corp boosted its position in iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in iShares Gold Trust during the first quarter worth approximately $30,021,000. Hsbc Holdings PLC boosted its position 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 in the last quarter. Sanctuary Advisors LLC purchased a new position in iShares Gold Trust during the second quarter worth approximately $26,134,000. Finally, Cetera Investment Advisers boosted its position in iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after purchasing an additional 586,652 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.2 %

Shares of IAU stock opened at $51.80 on Friday. The business’s 50 day moving average is $49.09 and its two-hundred day moving average is $46.25. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.92.

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.