Fortis Group Advisors LLC Has $5.17 Million Position in iShares Gold Trust $IAU

Fortis Group Advisors LLC increased its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 11.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 63,626 shares of the exchange traded fund’s stock after purchasing an additional 6,694 shares during the quarter. iShares Gold Trust makes up 0.9% of Fortis Group Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Fortis Group Advisors LLC’s holdings in iShares Gold Trust were worth $5,165,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IAU. Abich Financial Wealth Management LLC acquired a new stake in iShares Gold Trust in the 3rd quarter valued at approximately $25,000. Gables Capital Management Inc. grew its holdings in iShares Gold Trust by 173.1% in the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 225 shares during the last quarter. Dakota Community Bank & Trust NA acquired a new stake in iShares Gold Trust in the 4th quarter valued at approximately $30,000. Key Capital Management INC acquired a new stake in iShares Gold Trust in the 4th quarter valued at approximately $32,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in iShares Gold Trust in the 3rd quarter valued at approximately $31,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

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iShares Gold Trust Stock Up 1.4%

IAU opened at $85.53 on Thursday. The firm has a market capitalization of $72.82 billion, a P/E ratio of 5.53 and a beta of 0.16. The stock’s 50 day moving average price is $88.56 and its two-hundred day moving average price is $86.92. iShares Gold Trust has a 12-month low of $61.37 and a 12-month high of $104.40.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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