Tenet Wealth Partners LLC Makes New $2.71 Million Investment in iShares Gold Trust $IAU

Tenet Wealth Partners LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAUFree Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,252 shares of the exchange traded fund’s stock, valued at approximately $2,707,000. iShares Gold Trust accounts for about 2.0% of Tenet Wealth Partners LLC’s portfolio, making the stock its 10th largest holding.

Several other institutional investors also recently made changes to their positions in the stock. Wills Financial Group LLC grew its position in iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after purchasing an additional 13,093 shares during the last quarter. Wealth Care LLC bought a new stake in shares of iShares Gold Trust during the first quarter valued at approximately $9,270,000. Greykasell Wealth Strategies Inc. raised its holdings in shares of iShares Gold Trust by 1,107.5% during the fourth quarter. Greykasell Wealth Strategies Inc. now owns 10,240 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 9,392 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its holdings in shares of iShares Gold Trust by 3.1% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 483,758 shares of the exchange traded fund’s stock valued at $42,648,000 after buying an additional 14,344 shares during the last quarter. Finally, Outlook Wealth Advisors LLC boosted its position in shares of iShares Gold Trust by 48.7% during the fourth quarter. Outlook Wealth Advisors LLC now owns 24,046 shares of the exchange traded fund’s stock worth $1,952,000 after buying an additional 7,876 shares during the period. 59.67% of the stock is owned by institutional investors.

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iShares Gold Trust Price Performance

Shares of IAU stock opened at $83.39 on Friday. iShares Gold Trust has a 12-month low of $67.35 and a 12-month high of $104.40. The firm has a market capitalization of $68.87 billion, a price-to-earnings ratio of 5.53 and a beta of 0.19. The business has a 50 day simple moving average of $79.73 and a 200 day simple moving average of $84.96.

iShares Gold Trust Profile

(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).

See Also

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

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