Three Cord True Wealth Management LLC Purchases New Position in iShares Gold Trust (NYSEARCA:IAU)

Three Cord True Wealth Management LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,285 shares of the exchange traded fund’s stock, valued at approximately $460,000. iShares Gold Trust makes up 0.4% of Three Cord True Wealth Management LLC’s holdings, making the stock its 19th biggest holding.

A number of other large investors have also added to or reduced their stakes in IAU. JPMorgan Chase & Co. increased its holdings in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in iShares Gold Trust by 136.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 811,127 shares of the exchange traded fund’s stock worth $40,159,000 after acquiring an additional 467,948 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in iShares Gold Trust by 15,750.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock worth $63,000 after acquiring an additional 1,260 shares during the last quarter. Avior Wealth Management LLC raised its position in iShares Gold Trust by 6.3% during the fourth quarter. Avior Wealth Management LLC now owns 52,311 shares of the exchange traded fund’s stock valued at $2,590,000 after purchasing an additional 3,098 shares during the period. Finally, Arkansas Financial Group Inc. lifted its stake in shares of iShares Gold Trust by 38.5% in the 4th quarter. Arkansas Financial Group Inc. now owns 10,650 shares of the exchange traded fund’s stock valued at $527,000 after purchasing an additional 2,959 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $63.38 on Friday. The stock has a market cap of $47.48 billion, a price-to-earnings ratio of -37.79 and a beta of 0.13. The stock has a 50 day moving average price of $60.46 and a 200-day moving average price of $54.81. iShares Gold Trust has a one year low of $43.24 and a one year high of $64.98.

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.