VCI Wealth Management LLC Invests $3.71 Million in iShares Gold Trust (NYSEARCA:IAU)

VCI Wealth Management LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 94,923 shares of the exchange traded fund’s stock, valued at approximately $3,705,000. iShares Gold Trust accounts for about 2.3% of VCI Wealth Management LLC’s holdings, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of IAU. Redhawk Wealth Advisors Inc. increased its stake in iShares Gold Trust by 2.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 11,390 shares of the exchange traded fund’s stock valued at $445,000 after acquiring an additional 262 shares during the period. Ieq Capital LLC grew its position in iShares Gold Trust by 0.7% during the 3rd quarter. Ieq Capital LLC now owns 41,123 shares of the exchange traded fund’s stock worth $1,439,000 after acquiring an additional 266 shares during the last quarter. Asset Dedication LLC grew its position in iShares Gold Trust by 2.5% during the 3rd quarter. Asset Dedication LLC now owns 11,334 shares of the exchange traded fund’s stock worth $396,000 after acquiring an additional 278 shares during the last quarter. Geneos Wealth Management Inc. grew its position in iShares Gold Trust by 10.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock worth $119,000 after acquiring an additional 282 shares during the last quarter. Finally, First Financial Corp IN grew its position in iShares Gold Trust by 19.9% during the 4th quarter. First Financial Corp IN now owns 1,715 shares of the exchange traded fund’s stock worth $67,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

NYSEARCA IAU traded up $0.25 during trading hours on Thursday, reaching $44.11. 8,197,347 shares of the company’s stock were exchanged, compared to its average volume of 6,860,891. iShares Gold Trust has a one year low of $34.35 and a one year high of $45.98. The firm has a fifty day moving average of $41.54 and a 200-day moving average of $39.20.

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.