Spectrum Wealth Counsel LLC Acquires 21,186 Shares of iShares Gold Trust (NYSEARCA:IAU)

Spectrum Wealth Counsel LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 977.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,354 shares of the exchange traded fund’s stock after acquiring an additional 21,186 shares during the period. Spectrum Wealth Counsel LLC’s holdings in iShares Gold Trust were worth $1,156,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Quadrant Private Wealth Management LLC raised its stake in shares of iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 195 shares during the last quarter. TPG Advisors LLC raised its stake in shares of iShares Gold Trust by 0.7% in the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after acquiring an additional 199 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of iShares Gold Trust by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 212 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 215 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in shares of iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.6 %

NYSEARCA:IAU opened at $53.87 on Friday. iShares Gold Trust has a 1 year low of $38.65 and a 1 year high of $55.70. The firm has a 50 day moving average of $52.27 and a 200-day moving average of $50.44. The stock has a market capitalization of $36.56 billion, a P/E ratio of -33.32 and a beta of 0.20.

About iShares Gold Trust

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.