Pachira Investments Inc. Buys New Position in iShares Gold Trust $IAU

Pachira Investments Inc. bought a new stake in iShares Gold Trust (NYSEARCA:IAUFree Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 5,838 shares of the exchange traded fund’s stock, valued at approximately $474,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Legacy Edge Advisors LLC bought a new stake in iShares Gold Trust in the fourth quarter valued at approximately $582,000. Verger Capital Management LLC boosted its holdings in iShares Gold Trust by 5.1% in the fourth quarter. Verger Capital Management LLC now owns 270,798 shares of the exchange traded fund’s stock valued at $21,981,000 after acquiring an additional 13,105 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in iShares Gold Trust by 5.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 24,187 shares of the exchange traded fund’s stock valued at $1,963,000 after acquiring an additional 1,323 shares during the last quarter. Composition Wealth LLC boosted its holdings in iShares Gold Trust by 15.8% in the fourth quarter. Composition Wealth LLC now owns 29,512 shares of the exchange traded fund’s stock valued at $2,395,000 after acquiring an additional 4,036 shares during the last quarter. Finally, Blalock Williams LLC boosted its holdings in iShares Gold Trust by 17.3% in the fourth quarter. Blalock Williams LLC now owns 5,380 shares of the exchange traded fund’s stock valued at $437,000 after acquiring an additional 793 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

Key Stories Impacting iShares Gold Trust

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iShares Gold Trust Price Performance

Shares of IAU stock opened at $86.72 on Monday. The business’s 50 day simple moving average is $90.99 and its 200 day simple moving average is $86.12. iShares Gold Trust has a one year low of $59.71 and a one year high of $104.40. The stock has a market capitalization of $73.83 billion, a PE ratio of 5.53 and a beta of 0.16.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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