Snowden Capital Advisors LLC increased its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 26.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 54,309 shares of the exchange traded fund’s stock after acquiring an additional 11,426 shares during the period. Snowden Capital Advisors LLC’s holdings in iShares Gold Trust were worth $2,689,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Tucker Asset Management LLC grew its position in shares of iShares Gold Trust by 106.9% in the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 263 shares during the period. Compass Financial Services Inc purchased a new stake in iShares Gold Trust in the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $28,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $29,000. Finally, Financial Life Planners bought a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $33,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Down 1.2%
IAU stock opened at $60.20 on Friday. The business has a 50 day moving average of $59.88 and a 200 day moving average of $54.47. The firm has a market cap of $45.10 billion, a PE ratio of -37.79 and a beta of 0.13. iShares Gold Trust has a twelve month low of $43.24 and a twelve month high of $64.98.
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.
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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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