Summit X LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 18,707 shares of the exchange traded fund’s stock, valued at approximately $926,000.
Other institutional investors have also made changes to their positions in the company. Compass Financial Services Inc bought a new position in iShares Gold Trust during the 4th quarter valued at about $27,000. Archer Investment Corp lifted its holdings in iShares Gold Trust by 813.8% during the 3rd 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 last quarter. Financial Life Planners bought a new position in iShares Gold Trust during the 4th quarter valued at about $33,000. Newbridge Financial Services Group Inc. bought a new position in iShares Gold Trust during the 4th quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC lifted its holdings in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Stock Up 1.2 %
Shares of IAU stock opened at $55.07 on Wednesday. iShares Gold Trust has a 12-month low of $40.64 and a 12-month high of $55.70. The company has a market capitalization of $37.37 billion, a P/E ratio of -33.32 and a beta of 0.20. The firm has a 50-day moving average price of $53.04 and a 200 day moving average price of $50.88.
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.
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