iShares Gold Trust (NYSEARCA:IAU) Shares Bought by PFG Advisors

PFG Advisors boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,140 shares of the exchange traded fund’s stock after buying an additional 894 shares during the period. PFG Advisors’ holdings in iShares Gold Trust were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Summit X LLC acquired a new position in iShares Gold Trust during the 4th quarter valued at about $926,000. New England Private Wealth Advisors LLC increased its position in iShares Gold Trust by 8.4% during the 4th quarter. New England Private Wealth Advisors LLC now owns 32,255 shares of the exchange traded fund’s stock valued at $1,597,000 after buying an additional 2,500 shares in the last quarter. Moors & Cabot Inc. increased its position in iShares Gold Trust by 30.5% during the 4th quarter. Moors & Cabot Inc. now owns 26,936 shares of the exchange traded fund’s stock valued at $1,334,000 after buying an additional 6,295 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in iShares Gold Trust during the 4th quarter valued at about $9,097,000. Finally, Endowment Wealth Management Inc. increased its position in iShares Gold Trust by 3.8% during the 4th quarter. Endowment Wealth Management Inc. now owns 9,330 shares of the exchange traded fund’s stock valued at $462,000 after buying an additional 339 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $56.27 on Friday. The stock’s 50-day simple moving average is $53.27 and its 200-day simple moving average is $50.94. The firm has a market capitalization of $38.19 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a fifty-two week low of $40.64 and a fifty-two week high of $56.42.

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.