Flagship Wealth Advisors LLC Buys New Position in iShares Gold Trust (NYSEARCA:IAU)

Flagship Wealth Advisors LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,113 shares of the exchange traded fund’s stock, valued at approximately $55,000.

A number of other large investors have also recently made changes to their positions in IAU. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $27,000. Wintrust Investments LLC purchased a new stake in iShares Gold Trust during the 4th quarter valued at approximately $29,000. Financial Life Planners purchased a new stake in iShares Gold Trust during the 4th quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust during the 4th quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC raised its stake in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring 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 0.6 %

IAU opened at $56.62 on Tuesday. The business has a 50 day moving average price of $53.54 and a two-hundred day moving average price of $51.12. The company has a market cap of $40.56 billion, a PE ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52 week low of $40.64 and a 52 week high of $57.11.

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.