Trek Financial LLC Raises Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Trek Financial LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 44.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,037 shares of the exchange traded fund’s stock after purchasing an additional 15,433 shares during the period. Trek Financial LLC’s holdings in iShares Gold Trust were worth $2,477,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IAU. Tucker Asset Management LLC increased its position in iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares during the period. Compass Financial Services Inc bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $27,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at about $29,000. Financial Life Planners bought a new position in iShares Gold Trust in the fourth quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust in the fourth quarter worth about $40,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Down 2.3 %

IAU opened at $57.26 on Monday. iShares Gold Trust has a 52 week low of $43.05 and a 52 week high of $59.15. The stock has a market cap of $41.37 billion, a PE ratio of -35.73 and a beta of 0.17. The business has a 50 day moving average of $55.42 and a 200-day moving average of $52.10.

iShares Gold Trust Company Profile

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.