Bradley & Co. Private Wealth Management LLC Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Bradley & Co. Private Wealth Management LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,878 shares of the exchange traded fund’s stock, valued at approximately $984,000. iShares Gold Trust accounts for approximately 0.6% of Bradley & Co. Private Wealth Management LLC’s holdings, making the stock its 18th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $27,000. Archer Investment Corp boosted its holdings in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares during the last quarter. Financial Life Planners acquired a new stake in iShares Gold Trust during the 4th quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. bought a new position in iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC lifted its position in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $54.97 on Wednesday. iShares Gold Trust has a 52 week low of $38.31 and a 52 week high of $55.70. The firm’s fifty day moving average is $51.96 and its 200-day moving average is $50.33. The firm has a market cap of $37.31 billion, a P/E ratio of -33.32 and a beta of 0.20.

iShares Gold Trust 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.