Journey Beyond Wealth LLC Takes $236,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Journey Beyond Wealth LLC acquired a new position in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,759 shares of the exchange traded fund’s stock, valued at approximately $236,000. iShares Gold Trust makes up about 0.2% of Journey Beyond Wealth LLC’s holdings, making the stock its 29th largest holding.

A number of other hedge funds also recently bought and sold shares of the stock. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth $27,000. Wintrust Investments LLC bought a new position in iShares Gold Trust in the fourth quarter worth about $29,000. Financial Life Planners purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC grew 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 buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.5 %

NYSEARCA:IAU opened at $56.99 on Wednesday. The stock has a market capitalization of $40.83 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52 week low of $41.08 and a 52 week high of $57.59. The firm has a 50 day moving average of $54.36 and a 200 day moving average of $51.54.

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.