RFG Bristol Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 22,710 shares of the exchange traded fund’s stock, valued at approximately $1,124,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Tucker Asset Management LLC boosted its position in iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares in the last quarter. Compass Financial Services Inc acquired a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $27,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at approximately $29,000. Financial Life Planners purchased a new stake in iShares Gold Trust in the 4th quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Down 0.2 %
Shares of NYSEARCA IAU opened at $58.86 on Wednesday. The firm has a market cap of $42.53 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. The company’s 50-day simple moving average is $55.05 and its 200-day simple moving average is $51.90. iShares Gold Trust has a 52-week low of $42.57 and a 52-week high of $59.15.
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.
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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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