Endowment Wealth Management Inc. Grows Position in iShares Gold Trust (NYSEARCA:IAU)

Endowment Wealth Management Inc. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,330 shares of the exchange traded fund’s stock after buying an additional 339 shares during the period. Endowment Wealth Management Inc.’s holdings in iShares Gold Trust were worth $462,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quadrant Private Wealth Management LLC boosted its stake in shares of iShares Gold Trust by 2.3% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 195 shares during the last quarter. TPG Advisors LLC boosted its stake in shares of iShares Gold Trust by 0.7% during the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after acquiring an additional 199 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in shares of iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 212 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its stake in iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after buying an additional 215 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $54.43 on Tuesday. The firm has a market capitalization of $36.94 billion, a P/E ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 1-year low of $40.64 and a 1-year high of $55.70. The business’s 50-day simple moving average is $52.93 and its 200-day simple moving average is $50.82.

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.