Glenview Trust co Takes $559,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Glenview Trust co acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,289 shares of the exchange traded fund’s stock, valued at approximately $559,000.

A number of other hedge funds have also made changes to their positions in IAU. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $27,000. Wintrust Investments LLC purchased a new position in iShares Gold Trust during the 4th quarter worth approximately $29,000. Financial Life Planners purchased a new position in iShares Gold Trust during the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC grew 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 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 0.6 %

NYSEARCA:IAU opened at $56.62 on Tuesday. The stock’s 50 day moving average price is $53.54 and its 200 day moving average price is $51.12. The company has a market capitalization 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.