Avantax Advisory Services Inc. Buys 92,325 Shares of iShares Gold Trust (NYSEARCA:IAU)

Avantax Advisory Services Inc. lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 148.6% in the 4th quarter, HoldingsChannel reports. The fund owned 154,437 shares of the exchange traded fund’s stock after purchasing an additional 92,325 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares Gold Trust were worth $7,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Liberty Wealth Management LLC increased its position in shares of iShares Gold Trust by 480.9% during the fourth quarter. Liberty Wealth Management LLC now owns 37,445 shares of the exchange traded fund’s stock worth $1,851,000 after acquiring an additional 30,999 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of iShares Gold Trust by 32.3% during the fourth quarter. Farther Finance Advisors LLC now owns 35,677 shares of the exchange traded fund’s stock worth $1,766,000 after acquiring an additional 8,720 shares in the last quarter. Parkworth Wealth Management Inc. bought a new stake in shares of iShares Gold Trust during the fourth quarter worth about $109,000. EverSource Wealth Advisors LLC increased its position in shares of iShares Gold Trust by 4.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 687,728 shares of the exchange traded fund’s stock worth $34,049,000 after acquiring an additional 29,300 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of iShares Gold Trust by 60.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 17,891 shares of the exchange traded fund’s stock worth $886,000 after acquiring an additional 6,707 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $56.27 on Friday. The firm has a 50-day moving average of $53.27 and a 200-day moving average of $50.94. The company has a market cap of $38.19 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a one year low of $40.64 and a one year high of $56.45.

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.