Miller Financial Services LLC Makes New $220,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Miller Financial Services LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,443 shares of the exchange traded fund’s stock, valued at approximately $220,000.

Other hedge funds have also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in iShares Gold Trust during the 4th quarter worth approximately $27,000. Archer Investment Corp boosted its stake in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners bought a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC increased its stake in shares of iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 1.2 %

Shares of IAU opened at $55.07 on Wednesday. The firm has a fifty day simple moving average of $53.04 and a two-hundred day simple moving average of $50.88. iShares Gold Trust has a twelve month low of $40.64 and a twelve month high of $55.70. The stock has a market capitalization of $37.37 billion, a P/E ratio of -33.32 and a beta of 0.20.

About iShares Gold Trust

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.