Kaydan Wealth Management Inc. Has $35.03 Million Holdings in iShares Gold Trust $IAU

Kaydan Wealth Management Inc. reduced its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 431,597 shares of the exchange traded fund’s stock after selling 14,466 shares during the period. iShares Gold Trust accounts for approximately 10.1% of Kaydan Wealth Management Inc.’s portfolio, making the stock its 2nd largest position. Kaydan Wealth Management Inc.’s holdings in iShares Gold Trust were worth $35,033,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IAU. Abich Financial Wealth Management LLC bought a new stake in shares of iShares Gold Trust in the third quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. bought a new position in iShares Gold Trust during the third quarter worth $29,000. Fourth Dimension Wealth LLC increased its position in iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 349 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in iShares Gold Trust during the 3rd quarter valued at $31,000. Finally, SOA Wealth Advisors LLC. raised its stake in iShares Gold Trust by 230.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 462 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 322 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $82.76 on Wednesday. The company has a market cap of $69.88 billion, a PE ratio of 5.53 and a beta of 0.09. The firm has a fifty day moving average price of $93.51 and a two-hundred day moving average price of $83.01. iShares Gold Trust has a fifty-two week low of $55.78 and a fifty-two week high of $104.40.

iShares Gold Trust Company 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

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

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

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