GM Advisory Group LLC Purchases 35,827 Shares of iShares Gold Trust (NYSEARCA:IAU)

GM Advisory Group LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,050,754 shares of the exchange traded fund’s stock after purchasing an additional 35,827 shares during the quarter. iShares Gold Trust makes up 5.6% of GM Advisory Group LLC’s investment portfolio, making the stock its 3rd largest position. GM Advisory Group LLC owned approximately 0.31% of iShares Gold Trust worth $101,533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IAU. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at $27,000. Wintrust Investments LLC acquired a new stake in iShares Gold Trust during the 4th quarter worth $29,000. Financial Life Planners acquired a new stake in iShares Gold Trust during the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. acquired a new stake in iShares Gold Trust during the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC raised its stake 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 worth $42,000 after acquiring an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $57.27 on Wednesday. The company’s fifty day moving average price is $53.69 and its 200 day moving average price is $51.19. iShares Gold Trust has a 12 month low of $40.64 and a 12 month high of $57.33. The firm has a market capitalization of $41.03 billion, a P/E ratio of -34.13 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.