Seeds Investor LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 387.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,262 shares of the exchange traded fund’s stock after purchasing an additional 62,191 shares during the quarter. iShares Gold Trust comprises 1.1% of Seeds Investor LLC’s holdings, making the stock its 16th largest position. Seeds Investor LLC’s holdings in iShares Gold Trust were worth $3,875,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tucker Asset Management LLC lifted its stake 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 acquiring an additional 263 shares during the period. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust during the fourth quarter worth $27,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter worth $29,000. Financial Life Planners acquired a new position in iShares Gold Trust during the fourth quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
NYSEARCA IAU opened at $60.96 on Friday. The firm has a market capitalization of $44.04 billion, a P/E ratio of -35.73 and a beta of 0.17. The stock has a 50-day simple moving average of $56.18 and a two-hundred day simple moving average of $52.47. iShares Gold Trust has a fifty-two week low of $43.05 and a fifty-two week high of $61.22.
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.
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