iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Lifted by Allie Family Office LLC

Allie Family Office LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,560 shares of the exchange traded fund’s stock after acquiring an additional 2,676 shares during the quarter. iShares Gold Trust makes up about 2.2% of Allie Family Office LLC’s holdings, making the stock its 10th biggest holding. Allie Family Office LLC’s holdings in iShares Gold Trust were worth $3,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its position in iShares Gold Trust by 70.7% during the third quarter. Glenmede Trust Co. NA now owns 22,861 shares of the exchange traded fund’s stock valued at $1,136,000 after buying an additional 9,468 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of iShares Gold Trust in the third quarter worth approximately $593,000. Hilltop Holdings Inc. boosted its holdings in shares of iShares Gold Trust by 2.9% during the third quarter. Hilltop Holdings Inc. now owns 20,294 shares of the exchange traded fund’s stock worth $1,009,000 after purchasing an additional 575 shares during the period. Independent Family Office LLC boosted its holdings in shares of iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after purchasing an additional 16,827 shares during the period. Finally, IHT Wealth Management LLC increased its stake in iShares Gold Trust by 31.9% in the 3rd quarter. IHT Wealth Management LLC now owns 60,386 shares of the exchange traded fund’s stock valued at $3,009,000 after buying an additional 14,613 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.2 %

IAU stock opened at $58.86 on Wednesday. The company has a 50 day moving average of $55.05 and a two-hundred day moving average of $51.90. iShares Gold Trust has a 12-month low of $42.57 and a 12-month high of $59.15. The company has a market cap of $42.53 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17.

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.