Coppell Advisory Solutions LLC Grows Stake in iShares Gold Trust (NYSEARCA:IAU)

Coppell Advisory Solutions LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 513.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,658 shares of the exchange traded fund’s stock after purchasing an additional 2,225 shares during the period. Coppell Advisory Solutions LLC’s holdings in iShares Gold Trust were worth $131,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC raised its stake in shares of iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after buying an additional 341 shares during the period. SkyView Investment Advisors LLC raised its stake in iShares Gold Trust by 1.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 494,263 shares of the exchange traded fund’s stock valued at $24,543,000 after acquiring an additional 9,409 shares during the period. World Investment Advisors LLC lifted its holdings in iShares Gold Trust by 114.2% during the third quarter. World Investment Advisors LLC now owns 33,665 shares of the exchange traded fund’s stock valued at $1,798,000 after purchasing an additional 17,950 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in iShares Gold Trust during the third quarter worth about $388,000. Finally, Tidal Investments LLC increased its stake in shares of iShares Gold Trust by 542.9% in the third quarter. Tidal Investments LLC now owns 51,277 shares of the exchange traded fund’s stock worth $2,548,000 after purchasing an additional 43,301 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.5 %

Shares of IAU stock opened at $63.04 on Friday. The firm’s 50 day moving average is $57.63 and its 200 day moving average is $53.23. The stock has a market capitalization of $46.31 billion, a P/E ratio of -37.96 and a beta of 0.17. iShares Gold Trust has a 12 month low of $43.05 and a 12 month high of $64.98.

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.