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Two major firms increased their gold ETF holdings, signaling rising investor interest in gold.
Advisory Services Network LLC and Rathbones Group PLC both increased their holdings in the iShares Gold Trust ETF (IAU) in the fourth quarter of 2020, reflecting growing investor interest in gold.
Advisory Services Network now owns 197,601 shares valued at $9.78 million, while Rathbones Group PLC's holdings rose to 67,611 shares worth about $3.347 million.
The ETF, which aims to track the price of gold, has a market cap of $40.53 billion.
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