Flagship Wealth Advisors LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) 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.
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