iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by PFG Advisors

PFG Advisors grew its position in iShares Gold Trust (NYSEARCA:IAU) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,140 shares of the exchange traded fund’s stock after purchasing an additional 894 shares during the period. PFG Advisors’ holdings in iShares Gold Trust were worth $1,443,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth about $27,000. Archer Investment Corp boosted its stake in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the last quarter. Financial Life Planners purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth about $40,000. Finally, Valued Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 65.7% in the fourth 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. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.8 %

Shares of IAU opened at $56.27 on Friday. iShares Gold Trust has a 52 week low of $40.64 and a 52 week high of $56.42. The company has a market capitalization of $38.19 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. The stock’s 50-day moving average price is $53.27 and its 200-day moving average price is $50.94.

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.